Economic complexity analytics: country factsheets 2024

Giambattista Albora (), Dario Diodato () and Lorenzo Napolitano ()
Additional contact information
Giambattista Albora: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Dario Diodato: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Lorenzo Napolitano: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC140945, JRC Research Reports from Joint Research Centre

Abstract: "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."

Date: 2025-06
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://publications.jrc.ec.europa.eu/repository/handle/JRC140945 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc140945

Access Statistics for this paper

More papers in JRC Research Reports from Joint Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Publication Officer ().