Euro 2016: How do the economies compare? Part 2

As the 2016 UEFA European Football Championship (Euro 2016) heads into its knockout stages, we looked at the economic health of the 24 nations involved and pitted the nations against each other in a game of economic “Top Trumps” to find out who would come out on top.

23 June 2016

Schroders Investment Communications Team

With the global economy and its struggles a major focus for investors, we took a look at the economic health of each nation involved in the Euro 2016 football tournament.

Top Trumps tournament structure

Using the same format as the Euro 2016 football championships, we played a game of hypothetical economic Top Trumps between the 24 countries taking part to see who would come out on top.

We used seven criteria to compare each nation:

  1. GDP growth
  2. Debt to GDP
  3. Unemployment rate
  4. Inflation
  5. Human Development Index (HDI) ranking
  6. Corruption ranking
  7. FIFA ranking

How does the tournament work?

As with Euro 2016 there is a group stage where each nation within their respective group goes head-to-head once. That is followed by the knockout stages: a round of 16, quarter finals, semi-finals and final.

A match involves two nations playing directly against each other. Each individual criteria is compared against the other like-for-like. A nation gets one point for each indicator which has the most favourable value.

For example, low unemployment beats high unemployment = 1 point; high growth beats low growth = 1 point; and inflation as close to the global long-term average of 3.18%1 beats inflation further away = 1 point, and so on.

The nation with the most points out of a possible 7 is declared the winner. In the event of a tie the nation with the best odds of winning the Euro 2016 football tournament is declared the winner.

Just like in Euro 2016, 3 points are awarded for a win, 1 point for a draw and 0 points for a loss.

And the winner is...

To find out how the group stages played out click here.

Click the links below to find out how the knockout stages evolved and which country was the eventual winner. 

Round of 16 - part one

Round of 16 - part two

Quarter finals

Semi-finals and final

1. Average annual inflation 1913-2015:


  • Europe ex UK
  • UK
  • Infographic
  • Economics

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