| Macedonia | |
| Rank: 87 · Score: 33.7 |
| Basic facts | ||||
| Population (millions) | 2.1 | IPOs and pulic issues (quartile) | Bottom | |
| GDP (US$ billions) | 13.5 | M&A volume (quartile) | 2nd | |
| GDP per capita (US$) | 6,565.2 | Venture capital investments (quartile) | Bottom | |
| GDP growth (per cent) | 1.4 | Private equity investments (quartile) | Bottom |
Performance Overview
| Indicator | Rank / 125 | Rank Trend | Score | |
| VC/PE Country Attractiveness Index | 87 | 37, 36, 37, 37, 38 | 33.7 | |
| 1 | Economic Activity | 118 | 3, 7, 8, 8, 7 | 48.3 |
| 2 | Depth of Capital Market | 86 | 38, 34, 36, 37, 39 | 14.7 |
| 3 | Taxation | 3 | 121, 121, 121, 121, 122 | 124.2 |
| 4 | Investor Protection and Corporate Governance | 63 | 57, 59, 59, 62, 62 | 65.2 |
| 5 | Human and Social Environment | 87 | 38, 33, 33, 38, 38 | 26.6 |
| 6 | Entrepreneurial Opportunities | 72 | 53, 53, 56, 53, 53 | 43.5 |
| Historic performance, 2019-2023 | Key driver performance, 2023 |
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Peer Group Comparison
| Regional Peers | Economic Activity | Depth of Capital Market | Taxation | Investor Protection and Corporate Governance |
Human and Social Environment |
Entrepreneurial Opportunites |
| Ukraine | 65.1 | 28.0 | 104.4 | 58.8 | 31.8 | 46.0 |
| Serbia | 65.0 | 16.3 | 100.7 | 61.6 | 31.1 | 54.8 |
| Georgia | 57.8 | 10.9 | 113.5 | 87.1 | 34.6 | 45.9 |
| Macedonia | 48.3 | 14.7 | 124.2 | 65.2 | 26.6 | 43.5 |
| Montenegro | 37.7 | 12.0 | 105.7 | 79.2 | 31.6 | 38.4 |
| Bosnia-Herzegovina | 52.7 | 14.4 | 102.9 | 49.6 | 21.4 | 38.6 |
| Moldova | 62.1 | 6.9 | 117.6 | 65.3 | 26.9 | 40.3 |
Last updated: 4 Nov 2023