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

Finland  
Rank: 16 · Score: 75.6  

Basic facts        
Population (millions) 5.6   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 286.2   M&A volume (quartile) 3rd
GDP per capita (US$) 51,508.1   Venture capital investments (quartile) Top
GDP growth (per cent) 0.0   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 16 109, 109, 108, 109, 109 75.6
1 Economic Activity 56 74, 83, 64, 77, 69 74.6
2 Depth of Capital Market 29 106, 100, 96, 95, 96 66.2
3 Taxation 25 98, 99, 98, 99, 100 105.4
4 Investor Protection and Corporate Governance 6 118, 119, 119, 119, 119 101.5
5 Human and Social Environment 15 109, 109, 109, 110, 110 53.5
6 Entrepreneurial Opportunities 13 113, 113, 112, 112, 112 86.3


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Finland  
Western Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Norway 84.0 78.2 101.9 101.1 50.9 81.3
Denmark 79.1 67.9 98.9 102.0 60.4 86.7
Switzerland 83.4 68.0 108.9 75.3 65.1 85.3
Finland 74.6 66.2 105.4 101.5 53.5 86.3
Belgium 80.4 69.2 90.4 96.6 46.5 81.9
Spain 72.9 70.0 90.9 82.6 53.4 74.8
Italy 81.6 76.4 89.8 63.7 47.8 75.8
Last updated: 4 Nov 2023