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

Belarus  
Rank: 97 · Score: 33.9  

Basic facts, 2017        
Population (millions) 9.5   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 47.4   M&A volume (quartile) Bottom
GDP per capita (US$) 4,993.4   Venture capital investments (quartile) 3rd
GDP growth (per cent) 1.9   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 97 23, 27, 30, 30, 28 33.9
1 Economic Activity 63 72, 66, 46, 41, 62 74.0
2 Depth of Capital Market 103 20, 20, 23, 23, 22 11.1
3 Taxation 63 63, 66, 68, 68, 62 98.9
4 Investor Protection and Corporate Governance 101 5, 6, 7, 18, 24 46.0
5 Human and Social Environment 51 56, 61, 67, 77, 74 51.2
6 Entrepreneurial Opportunities 57 59, 73, 76, 69, 68 53.1


 
Historic performance, 2014-2018   Key driver performance, 2018

   

VCPE Rank  
VC Rank  
PE Rank
Belarus  
Eastern Europe
 
 
 
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
Serbia 57.6 31.1 85.0 50.1 45.5 52.6
Ukraine 71.5 31.1 100.3 49.0 32.6 52.4
Montenegro 38.7 27.7 93.7 64.3 55.4 46.5
Bosnia-Herzegovina 41.9 23.0 81.9 44.9 37.0 38.8
Belarus 74.0 11.1 98.9 46.0 51.2 53.1
Moldova 56.0 11.7 103.9 53.1 26.4 42.0
Albania 52.6 7.9 86.7 58.0 41.5 45.0
Last updated: 4 Feb 2018