Economic complexity analytics: country factsheets 2024
The economic complexity framework is inspired by evolutionary and institutional literature. It interprets the economy as an interconnected ecosystem by shifting the focus from aggregate quantities like GDP that reveal how much countries or regions produce to a more granular view revealing what they actually do (e.g. in which products they export or the in which technologies they innovate). This approach leverages high-quality trade and patent data as well as advanced techniques from machine learning, network science, and complex dynamical systems to provide a nuanced understanding of a country's economic sophistication and capabilities.
These factsheets aim to showcase the potential of the economic complexity framework by providing quantitative insights into policy-relevant issues and to illustrate the kind of insights it can offer policymakers regarding the industrial and innovation landscape of Europe. Each factsheet focuses one EU member state and follows a fixed structure comprising six sections, each consisting of a chart and some accompanying text to aid interpretation.
Overall, the factsheets aim to provide a comprehensive overview of the analytical potential of the economic complexity framework, demonstrating its value in informing policy decisions and contributing to economic development. They highlight the importance of understanding the intricate dynamics of industrial and innovation systems to drive strategic economic growth in the EU.
ALBORA Giambattista;
DIODATO Dario;
NAPOLITANO Lorenzo;
2025-06-03
Publications Office of the European Union
JRC140945
978-92-68-25789-0 (online),
1831-9424 (online),
EUR 40268,
OP KJ-01-25-194-EN-N (online),
https://publications.jrc.ec.europa.eu/repository/handle/JRC140945,
10.2760/9201933 (online),
Additional supporting files
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