AHP model for competitiveness analysis of selected countries

Competitiveness analysis of countries and regions stands in the foreground in recent years. Different methods as well as indicators are used to assess competitiveness, but no single procedure is considered to be the main one and it can hardly be stated, which of the measurement approaches is the most proper. The IMD World Competitiveness Online database represents one of such tools, containing the Overall Competitiveness ranking that evaluates 59 world countries by more than 300 individual indicators in 2012. The paper proposes an original Analytic Hierarchy Process (AHP) model for competitiveness ranking of selected countries. The model is based, due to the high number of indicators and countries, on absolute measurement and expert evaluation. The results given by the AHP model are compared to IMD competitiveness ranking. Differences of both results are analysed and discussed.