COMPARATIVE ASSESSMENT OF ECONOMIC DEVELOPMENT IN THE COUNTRIES OF THE EUROPEAN UNION

Investment, the entry of foreign firms depends a large extent on country’s goodwill, which is reflected in various ratings. This representation situation approximate, as it does not estimate differences between values indicators with adjacent grades. can be avoided by dividing countries into homogeneous groups. It appropriate to do so basis non-linear grouping rather than linear grouping. based transformation data dimensionless scale and In case, its homogeneity increases thanks levelling most distinctive alignment statistical characteristics The aim article propose principle, new approach ranking their level economic development. was found that nonlinear decision homogenous groups compared more accurately reflect current situation.