INTERNAL MARKET, INDUSTRY, ENTREPRENEURSHIP AND SMES - Key Performance Indicators (KPIs) - Member States expressed their support to the monitoring framework put forward by the Commission

On 1 June, the meeting of the Chief Economist Network with Member States provided an opportunity to discuss, with the Member States, the EIB and the ECB, the economic rationale of the 17 KPIs laid down in the Commission Communication “Long-term competitiveness of the EU: looking beyond 2030” adopted on 16 March 2023. The long-term competitiveness Communication outlines a set of Key Performance Indicators and related targets to monitor the EU’s progress towards becoming a more competitive and sustainable economy. The outcomes of the 1 June discussion will feed into inform inter alia the work of the High-Level Group on Competitiveness and Growth.

date: 21/06/2023

The aim of the 1 June seminar was to discuss the economic underpinning and rationale of the 17 KPIs, their articulation with the nine drivers identified in the Commission Communication and potential ways to tune them. Participants expressed their support to the monitoring framework put forward by the Commission and discussed ways to better contextualise existing indicators and complete them, where necessary, with additional indicators. The outcomes of this seminar will feed into the work of the High-Level Group on Competitiveness and Growth. The seminar gathered 55 participants, including the ECB and the EIB.