A Multidimensional Evaluation of the Sustainable Development of European Union Countries-An Empirical Study

The main aim of this research paper is to compare the total synthetic measure value of sustainable development for each EU country using a multidimensional comparative analysis of the EU countries in terms of sustainable development. The statistical evaluation of this complex phenomenon was based on 108 statistical indicators describing 17 goals of sustainable development which were taken from the Eurostat database. The statistical data applies mostly to the year 2018. The zero unitarization method was applied as a research tool. Passing through consecutive stages, the values of synthetic measures with variables determining the subsequent goals of sustainable development were set. Our study led to the ranking of EU countries into groups of high, medium-high, medium-low and low level of sustainable development. The results confirmed that the leaders of sustainable development in the EU are Sweden, Denmark, Finland and Austria. Most EU countries have reached the medium level, while Romania, Bulgaria, Greece and Cyprus have poorly realized the goals of sustainable development. Due to the growing importance of countries of the Visegrad group in Europe, this article also subjected them to a more detailed assessment in terms of their sustainable development. Among the Visegrad countries, only the Czech Republic has reached a medium-high level of sustainable development. The other three countries, i. e. Hungary, Poland and Slovakia, hold a similar position in the ranking of EU countries in terms of sustainable development. Considering future generations, the implementation of the goals of sustainable development as well as the identification of key indicators for each country are becoming an important challenge in terms of global market competitiveness.