Abstract: In our study we wanted to find an answer to the question whether we can find sustainable countries if we compare the values of different composite indicators? We examined three composite indicators (HDI, HPI, EPI) and the ecological footprint and GDP. Based on our analysis two indicators independent of each other and also independent of the GDP, these are the HPI and the EPI. The classification of countries was performed using cluster analysis. Based on the three-cluster model is determined a specific path of development in Latin America. It would be worth considering for European countries that besides the economic development presented in GDP, they should prefer improvement based on community building and local cooperation, which is a characteristic in the high number of the local trading systems (LES) in Venezuela.
Keywords: HDI, HPI, EPI, Ecological Footprint, Latin America