Comparison of Developing Countries’ Macro Performances with AHP and TOPSIS Methods

Study is aimed to compare the macroeconomic performances of developing countries (Turkey, Poland, Mexico, Chile, Malaysia, Hungary, Indonesia, China, Argentina and Brazil) for the period 2003-2013. In performance measurement, economic growth, inflation rate, unemployment rate and the current account balance/GDP indicators are used. AHP is used for determination the weight of criteria. Then, TOPSIS method is used for ranking the performances of developing countries. Findings show that Malaysia and the China have the best performed economies and generally they ranked either 1st or 2nd. While Turkey is ranked 5th in 2003, by year 2013 Turkey is at the last rank.