I would argue that it is not. The major reason for this is that the sizes of domestic markets in the EU vary so widely that it is possible for a country to have a decent GDP per capita even if it is not particularly competitive internationally.
For example, France's domestic market is much larger than that of the Eastern European countries that have joined the EU. This means that French companies have had an advantage over Eastern European ones as they have been able to grow without having to export. Right now, France has a higher GDP per capita, but the Eastern European countries are often more competitive internationally because of their low wages.
So, I would argue that countries can become rich without being internationally competitive and poor countries can have advantages in international competition. GDP and other indicators, like consumer prices and exchange rates, are all only general indicators that provide only a rough approximation of competitiveness. Tracking indicators like GDP show only "changes in relative competiveness" (Mattine Durand and Claude Giorno). Therefore, GDP per capita is not a major indicator of international competitiveness among EU countries.
Gross domestic product (GDP) is a measure of total wealth in a given region.
The full form of GDP is Gross Domestic Product. GDP is the indicator of a country's economical status.
Gross Domestic Product
The marketing mix differs in the domestic and international environments due to their varied dynamics. The marketing mix refers to the price, product, promotion and place which will be different in terms of the targeted audience for domestic and international markets.
Gross domestic product
Gross domestic product (GDP) is a measure of total wealth in a given region.
The full form of GDP is Gross Domestic Product. GDP is the indicator of a country's economical status.
Gross Domestic Product
The marketing mix differs in the domestic and international environments due to their varied dynamics. The marketing mix refers to the price, product, promotion and place which will be different in terms of the targeted audience for domestic and international markets.
Gross domestic product
Indusrial product are related to international market which advertised by a huge market management and by international event,and consumer product are related to the domestic product which advertised by news paper, magazin, radio and t.v.
Gross National Happiness was designed in an attempt to define an indicator and concept that measures quality of life or social progress in more holistic and psychological terms than only the economic indicator of gross domestic product (GDP)
The GDP is neither growing nor shrinking. APEX ;]Gross Domestic Product
Positive. GDP means Gross Domestic Product and is the economic indicator for the total market value of a countries output of goods.
Retail sales: Growth Growth Domestic Product: Activity Consumer Price Index: Inflation Unemployment Rate: Inactivity
Net state Domestic Product = Gross Domestic Product(GDP) - Depreciation
The acronym for Gross Domestic Product is GDP.