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

Portugal  
Rank: 34 · Score: 59.0  

Basic facts        
Population (millions) 10.4   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 251.3   M&A volume (quartile) 3rd
GDP per capita (US$) 24,209.4   Venture capital investments (quartile) 3rd
GDP growth (per cent) 1.0   Private equity investments (quartile) 3rd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 34 91, 87, 87, 93, 91 59.0
1 Economic Activity 54 80, 63, 79, 85, 71 76.1
2 Depth of Capital Market 44 78, 75, 74, 81, 81 44.7
3 Taxation 45 85, 84, 79, 79, 80 99.2
4 Investor Protection and Corporate Governance 46 84, 80, 79, 79, 79 74.0
5 Human and Social Environment 34 93, 90, 91, 91, 91 41.0
6 Entrepreneurial Opportunities 30 96, 96, 96, 96, 95 69.0


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Portugal  
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
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
Portugal 76.1 44.7 99.2 74.0 41.0 69.0
Greece 66.1 45.9 98.1 61.2 38.9 59.9
Cyprus 62.2 39.7 115.9 82.2 38.3 51.9
Luxembourg 71.2 27.9 88.0 87.0 44.7 64.5
Last updated: 4 Nov 2023