Analysis of economic development priorities on the basis of diversification and competitiveness

The article proposes a tool that allows determining the priorities of the strategic economic development on the basis of the manufactured products complexity, while maintaining and strengthening the country’s competitive position on the global stage. The toolkit has been presented in the form of a matrix showing the relationship of the economic complexity, competitiveness indices and the specific GDP (by PPP), which allowed distributing the selected countries into groups. Testing the suggested approach on the data of 104 countries for 2011-2017 allowed establishing that the developed tool can act as a way of analyzing the priorities of the strategic development of the economy, as well as a way to assess the implementation of the strategic goals of the economy.