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Reg.6.2: Economic performance and competitiveness of the regionRelevance:This indicator illustrates factors that contribute to regional competitiveness.Most of the information used herein is already collected inthe previous indicators under the Regional Profile Module. Here it isintegrated and structured to present the economic performance of thehost region and to compare it to other regions of the host country andto other EU regions.Compilation and analysis methods:• Collect information on GDP, GDP/capita, GRP, GRP/capita, foreigndirect investments and foreign R&D investments in the region –compare by these indicators the RI host region to the other regionsin the host country and to other EU regions.• Compare these indicators over the last 10 years and assess thegrowth of regional productivity.Definitions and explanations:Gross Domestic Product (GDP) is the market value of all final goods andservices produced within a country in a given period. It is often consideredas an indicator of the size of the economy or of the standard ofliving.Gross Regional Product (GRP) is defined as the market value of all finalgoods and services produced within a region (a metropolitan area, anadministrative region) in a given period of time.Foreign Direct Investment (FDI) is any form of investment that earnsinterest in enterprises which function outside of the domestic territoryof the investor.Data sources and collection methods:• Document analysis – statistical data, public reports and assessments.• Interviews with experts in macro-economics, experts from publicinstitutions (relevant ministries and agencies).Data analysis methods:• Descriptive content analysisReferences:European Commission, Regional Policy – Inforegio, on:http://ec.europa.eu/regional_policy/sources/docoffic/official/reports/p141_en.htmEuropean Commission, Enterprise and Industry, Industrial Competitiveness:http://ec.europa.eu/enterprise/policies/industrial-competitiveness/index_en.htm104