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

Armenia  
Rank: 77 · Score: 48.1  

Basic facts, 2017        
Population (millions) 2.9   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 10.6   M&A volume (quartile) Bottom
GDP per capita (US$) 3,645.8   Venture capital investments (quartile) Bottom
GDP growth (per cent) 3.5   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 77 42, 36, 46, 44, 48 48.1
1 Economic Activity 112 13, 12, 11, 11, 13 50.7
2 Depth of Capital Market 76 35, 32, 44, 45, 49 35.1
3 Taxation 39 83, 99, 99, 88, 86 104.1
4 Investor Protection and Corporate Governance 49 73, 67, 59, 70, 76 64.7
5 Human and Social Environment 59 60, 57, 56, 57, 66 47.2
6 Entrepreneurial Opportunities 62 67, 62, 61, 58, 63 52.5


 
Historic performance, 2014-2018   Key driver performance, 2018

   

VCPE Rank  
VC Rank  
PE Rank
Armenia  
Asia
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Envorinment
Entrepreneurial Culture
and Deal Opportunites
Sri Lanka 81.6 58.0 67.4 58.8 40.1 53.9
Kazakhstan 79.8 46.6 95.7 66.5 46.4 54.1
Pakistan 84.1 55.6 66.6 50.7 32.1 50.7
Armenia 50.7 35.1 104.1 64.7 47.2 52.5
Mongolia 56.4 27.4 86.6 60.6 42.2 43.4
Bangladesh 93.1 21.3 83.8 44.3 29.9 41.9
Kyrgyzstan 53.0 25.6 64.1 56.6 32.3 37.0
Last updated: 4 Feb 2018