Is gross domestic product per capita a useful indicator of International Competitiveness in the EU?

I would argue that it is not.  The major reason for this
is that the sizes of domestic markets in the EU vary so widely that it is possible for a
country to have a decent GDP per capita even if it is not particularly competitive
internationally.

For example, France's domestic market is
much larger than that of the Eastern European countries that have joined the EU.  This
means that French companies have had an advantage over Eastern European ones as they
have been able to grow without having to export.  Right now, France has a higher GDP per
capita, but the Eastern European countries are often more competitive internationally
because of their low wages.

So, I would argue that
countries can become rich without being internationally competitive and poor countries
can have advantages in international competition.  GDP and other indicators, like
consumer prices and exchange rates, are all only general indicators that provide only a
rough approximation of competitiveness. Tracking indicators like GDP show only "changes
in relative competiveness" ( href="http://www.oecd.org/dataoecd/40/47/33841783.pdf">Mattine Durand and Claude
Giorno).  Therefore, GDP per capita is not a major indicator of international
competitiveness among EU countries.