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

Italy  
Rank: 22 · Score: 70.7  

Basic facts        
Population (millions) 58.9   IPOs and pulic issues (quartile) Top
GDP (US$ billions) 2,009.0   M&A volume (quartile) Top
GDP per capita (US$) 34,133.8   Venture capital investments (quartile) Top
GDP growth (per cent) 0.7   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 22 103, 103, 103, 104, 103 70.7
1 Economic Activity 32 82, 73, 107, 101, 93 81.6
2 Depth of Capital Market 15 110, 111, 112, 112, 110 76.4
3 Taxation 66 66, 66, 64, 61, 59 89.8
4 Investor Protection and Corporate Governance 67 61, 62, 58, 58, 58 63.7
5 Human and Social Environment 24 99, 99, 100, 100, 101 47.8
6 Entrepreneurial Opportunities 22 101, 102, 103, 103, 103 75.8


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Italy  
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
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
Ireland 84.6 52.9 92.3 98.2 48.1 71.9
Sweden 76.2 36.8 104.0 96.1 53.4 88.9
Austria 78.8 36.7 90.2 95.8 49.8 82.0
Last updated: 4 Nov 2023