The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger
The 2023 Index
Since 2006, IESE Business School has tracked the quality of investment environment and the ease of transaction-making in 125 economies with the Venture Capital and Private Equity Country Attractiveness Index, helping investors identify the countries with the most potential for investment
Download the Annual
Explore the Heat Map
Top-10 Ranking
Country Rank/Trend Score
United States 1 ‐ 100.0
United Kingdom 2 ‐ 88.0
Japan 3 ↑ 86.8
Canada 4 ‐ 86.6
Germany 5 ↓ 84.6
Korea, South 6 ↑ 83.1
Singapore 7 ↑ 82.4
China 8 ↑ 82.2
Australia 9 ↓ 81.9
France 10 ↑ 81.5
See the 2023 Ranking
Last updated: 4 Nov 2023