The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger
Ranking 2016
 
Country Rank/Trend Score Country Rank/Trend Score Country Rank/Trend Score
United States 1 100.0   Iceland 43 63.2   Uganda 85 42.8
United Kingdom 2 95.5   Estonia 44 62.6   Pakistan 86 42.6
Canada 3 94.3   Mauritius 45 62.4   Nigeria 87 41.8
Singapore 4 93.3   Romania 46 61.0   Tanzania 88 41.2
Hong Kong 5 92.7   Hungary 47 60.1   Ghana 89 40.2
Australia 6 91.9   Vietnam 48 59.5   Kyrgyzstan 90 40.1
Japan 7 91.8   Kazakhstan 49 59.4   El Salvador 91 38.4
New Zealand 8 88.7   Slovenia 50 59.1   Kenya 92 38.2
Germany 9 88.6   Bahrain 51 58.8   Namibia 93 36.7
Switzerland 10 85.7   Latvia 52 58.7   Bangladesh 94 36.0
Malaysia 11 85.6   Peru 53 58.7   Belarus 95 33.7
Denmark 12 85.4   Brazil 54 58.3   Malawi 96 33.4
Norway 13 85.2   Bulgaria 55 58.0   Ivory Coast 97 33.1
Finland 14 85.2   Czech Republic 56 57.6   Bosnia-Herzegovina 98 32.9
Sweden 15 84.6   Sri Lanka 57 56.4   Dominican Republic 99 32.3
Netherlands 16 84.4   Morocco 58 55.8   Rwanda 100 32.0
Ireland 17 82.2   Jordan 59 54.8   Bolivia 101 31.8
Belgium 18 81.6   Oman 60 54.3   Moldova 102 31.7
Israel 19 81.3   Slovakia 61 54.2   Guatemala 103 31.5
Korea, South 20 80.8   Argentina 62 54.0   Azerbaijan 104 29.1
France 21 80.3   Georgia 63 53.8   Cambodia 105 29.0
Taiwan 22 79.4   Zambia 64 53.3   Paraguay 106 28.3
Austria 23 78.5   Tunisia 65 53.2   Albania 107 26.4
China 24 77.1   Greece 66 53.2   Algeria 108 26.0
Poland 25 73.7   Cyprus 67 52.7   Cameroon 109 25.0
Spain 26 73.7   Qatar 68 50.1   Ethiopia 110 24.7
Chile 27 73.0   Malta 69 50.0   Nicaragua 111 24.6
Thailand 28 71.5   Egypt 70 50.0   Senegal 112 24.1
India 29 69.9   Ukraine 71 50.0   Madagascar 113 24.0
Luxembourg 30 68.9   Mongolia 72 49.1   Mali 114 23.7
Portugal 31 68.6   Macedonia 73 47.5   Mozambique 115 23.4
South Africa 32 67.5   Ecuador 74 47.3   Lesotho 116 22.4
Turkey 33 67.2   Armenia 75 47.2   Zimbabwe 117 22.3
Italy 34 67.0   Uruguay 76 46.9   Burkina Faso 118 20.7
Saudi Arabia 35 66.8   Serbia 77 46.1   Benin 119 20.5
Colombia 36 66.3   Panama 78 46.1   Venezuela 120 19.2
United Arab Emirates 37 65.2   Lebanon 79 46.0   Syria 121 17.3
Indonesia 38 64.9   Croatia 80 46.0   Mauritania 122 15.3
Mexico 39 64.6   Jamaica 81 45.3   Burundi 123 15.0
Lithuania 40 64.0   Montenegro 82 44.8   Chad 124 13.4
Russian Federation 41 63.5   Botswana 83 44.8   Angola 125 11.5
Philippines 42 63.4   Kuwait 84 44.1  
Note: ↑ ( ↓ ) indicates a rank increase (decrease) over a five-year period.

— Ranking 2012 vs 2016—
  Decreasing attractiveness,
observe
  Highly attractive,
invest/increase exposure
 
  Unattractive,
avoid
Change since 2012 Increasingly attractive,
stay alert
 

Last updated: 12 June 2016