Assessment of Demographic Profile of European Union Countries
Assessment of Demographic Profile of European Union Countries

Summary/Abstract: The country's demographic situation reflects the role and potential of one of the most important factors of economic development, work, and therefore the quantitative assessment of the country's demographic profile is very important. In the recent period, the dominant in-depth but fragmentary studies of demographic issues do not allow to assess the situation in a complex way, integrating multidimensional and different demographic factors of different relevance, basic and dynamic. The purpose of this paper is to present a method of demographic profile assessment for complex analysis, based on a multicriteria method. This is usually done linearly, i.e., the relevance of the indicator does not depend on its value. In real life, this is not the case, so a nonlinear evaluation based on Harrington curves has been applied to the assessment of the demographic profile. The graphical-analytical method of trapezoids is applied to combine block values. In this case, the generalised value is the area under the curve, which is obtained by linearly connecting the dimensionless values of the indicators. The country's demographic profile index was obtained by combining the values of the basic and dynamic blocks in a respective way. In order to link the country's demographic profile index with GDP per capita, a correlation-regression analysis was performed, the results of which confirmed that the demographic status largely depends on the achieved level of economic development.

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