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

Nicaragua  
Rank: 117 · Score: 20.1  

Basic facts        
Population (millions) 6.9   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 15.7   M&A volume (quartile) Bottom
GDP per capita (US$) 2,257.8   Venture capital investments (quartile) Bottom
GDP growth (per cent) 3.0   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 117 7, 11, 15, 9, 8 20.1
1 Economic Activity 103 17, 26, 41, 23, 22 59.4
2 Depth of Capital Market 112 7, 20, 19, 21, 13 6.9
3 Taxation 111 17, 15, 15, 16, 14 61.5
4 Investor Protection and Corporate Governance 118 6, 6, 6, 7, 7 34.6
5 Human and Social Environment 117 12, 12, 10, 9, 8 18.0
6 Entrepreneurial Opportunities 113 16, 16, 16, 7, 12 23.5


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Nicaragua  
Latin America
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Dominican Republic 73.0 12.4 81.5 56.1 25.0 24.3
Bolivia 67.4 13.9 55.5 24.9 17.6 33.4
Guatemala 77.0 6.9 88.9 45.2 21.4 26.1
El Salvador 66.0 6.3 73.1 39.7 23.1 26.5
Paraguay 67.5 6.9 110.7 38.8 18.1 21.8
Nicaragua 59.4 6.9 61.5 34.6 18.0 23.5
Venezuela 64.0 7.9 7.7 8.3 7.2 11.7
Last updated: 4 Nov 2023