This paper proposes a composite indicator designed to summarise in a single statistic a variety of different facets of macroeconomic performance and assesses relative performances of countries with respect to six macroeconomic variables, viz., the growth rate of real GDP, real per capita GDP,...

In this study a composite indicator is constructed to rank macroeconomic performance of countries and a separate composite indicator is constructed to rank countries by inequality using the TOPSIS methodology of Multiple Criteria Decision-Making Analysis. The intuitive idea of TOPSIS is to...