Abstract
The purpose of this study is to analyze the sustainable development performances of developing countries. For this purpose, the sustainable development performances of 25 countries have been handled within the framework of five sub-dimensions, namely environmental, social, governance, financial and economic, and a total of 37 criteria have been determined considering these dimensions. Based on these dimensions, a total of 37 criteria were determined. To examine the sustainable development performances of the countries on these criteria, the Gray Relational Analysis was utilized. According to the main results, the countries with the highest sustainable development performances are South Korea, Czech Republic, and Greece while Pakistan, India, and the Philippines are determined as the countries having the lowest sustainable development performances. Finally, the performance rankings of the countries according to individual dimensions of the sustainable development performance were also presented and evaluated. Overall findings indicate that a higher financial and economic performance does not guarantee a higher sustainable development performance, instead, sustainable development performance also depends on other dimensions such as environmental, social, and governance performances.