Economic Security and Physical Safety in the European Union: A Multivariate Statistical Analysis

In recent years, scientific papers pay attention to quality-of-life indicators beyond GDP-based measurements. Material and non-material have become significant parts of life quality evaluations. The economic security concept developed by European Commission consists disposable income risk measurement. Economic is also one the top priorities for Union (EU) achieve its goals increase competitiveness in world economy. EU measures security, member countries candidates through some as a sub-dimension under indicators. aim this paper show changing relative performance old members new EU. While that joined before 2004 are accepted members, after members. relation with division, Germany, France, Italy, Belgium, Netherlands, Luxembourg, Ireland, Denmark, Greece, Spain, Portugal, Sweden, Austria Finland However, Slovenia, Slovakia, Estonia, Latvia, Lithuania, Cyprus, Malta, Poland, Hungary, Czechia, Bulgaria, Romania, Croatia We used two multivariate statistical methods, principal components analysis, cluster analysis years 2008 2021. using twofold. first decrease dimensionality analysis. second rank terms chosen group which similar performance. According results, Luxembourg most successful country variables represent physical safety Sweden highest rankings. Greece only lowest levels. Countries grouped four clusters.