The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Albania  
Rank: 105 · Score: 25.5  

Basic facts        
Population (millions) 2.8   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 18.5   M&A volume (quartile) Bottom
GDP per capita (US$) 6,655.4   Venture capital investments (quartile) Bottom
GDP growth (per cent) 2.2   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 105 23, 21, 20, 20, 20 25.5
1 Economic Activity 112 12, 17, 23, 14, 13 54.6
2 Depth of Capital Market 115 16, 15, 13, 12, 10 6.4
3 Taxation 46 72, 72, 78, 78, 79 99.0
4 Investor Protection and Corporate Governance 80 66, 43, 42, 45, 45 59.7
5 Human and Social Environment 82 48, 43, 43, 41, 43 28.3
6 Entrepreneurial Opportunities 90 33, 28, 30, 33, 35 36.0


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Albania  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Serbia 65.0 16.3 100.7 61.6 31.1 54.8
Georgia 57.8 10.9 113.5 87.1 34.6 45.9
Macedonia 48.3 14.7 124.2 65.2 26.6 43.5
Montenegro 37.7 12.0 105.7 79.2 31.6 38.4
Bosnia-Herzegovina 52.7 14.4 102.9 49.6 21.4 38.6
Moldova 62.1 6.9 117.6 65.3 26.9 40.3
Albania 54.6 6.4 99.0 59.7 28.3 36.0
Last updated: 4 Nov 2023