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

Ethiopia  
Rank: 109 · Score: 23.5  

Basic facts, 2017        
Population (millions) 102.4   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 70.5   M&A volume (quartile) 3rd
GDP per capita (US$) 688.6   Venture capital investments (quartile) 3rd
GDP growth (per cent) 8.5   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 109 10, 13, 14, 16, 16 23.5
1 Economic Activity 23 75, 106, 88, 94, 102 87.4
2 Depth of Capital Market 111 12, 13, 12, 13, 14 6.9
3 Taxation 87 46, 43, 42, 15, 38 88.3
4 Investor Protection and Corporate Governance 121 11, 10, 11, 5, 4 31.5
5 Human and Social Environment 85 31, 34, 41, 42, 40 37.7
6 Entrepreneurial Opportunities 110 7, 9, 14, 17, 15 28.7


 
Historic performance, 2014-2018   Key driver performance, 2018

   

VCPE Rank  
VC Rank  
PE Rank
Ethiopia  
Africa
 
 
 
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
Malawi 52.4 17.2 84.2 54.0 38.7 31.1
Rwanda 63.0 10.5 79.9 60.3 62.5 28.6
Algeria 71.0 7.8 93.1 41.3 32.7 48.0
Ethiopia 87.4 6.9 88.3 31.5 37.7 28.7
Madagascar 64.1 6.9 80.0 42.8 27.8 34.6
Zimbabwe 62.3 7.4 77.6 36.5 35.9 28.7
Senegal 65.7 5.4 59.8 54.4 37.6 31.9
Last updated: 3 Feb 2018