The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger
Ranking 2018
 
Country Rank/Trend Score Country Rank/Trend Score Country Rank/Trend Score
United States 1 100.0   Vietnam 43 60.7   Montenegro 85 42.5
United Kingdom 2 94.4   Estonia 44 60.2   Uganda 86 42.0
Canada 3 92.6   Lithuania 45 59.5   Ivory Coast 87 42.0
Hong Kong 4 91.2   Malta 46 59.4   Tanzania 88 41.8
Japan 5 91.2   Romania 47 59.0   Mongolia 89 41.8
Singapore 6 90.7   Iceland 48 58.6   Uruguay 90 41.7
Australia 7 90.2   Latvia 49 58.2   Ghana 91 40.4
Germany 8 87.7   Bahrain 50 57.9   Namibia 92 37.5
New Zealand 9 87.2   Mauritius 51 57.8   Bangladesh 93 37.4
Denmark 10 84.3   Hungary 52 57.7   Kyrgyzstan 94 36.8
Sweden 11 83.3   Kenya 53 57.6   Bosnia-Herzegovina 95 34.8
Netherlands 12 83.3   Brazil 54 57.4   El Salvador 96 34.6
Malaysia 13 83.1   Sri Lanka 55 57.3   Belarus 97 33.9
Norway 14 83.0   Bulgaria 56 57.1   Malawi 98 32.1
Switzerland 15 82.2   Kazakhstan 57 56.3   Rwanda 99 29.9
Finland 16 82.2   Argentina 58 56.2   Azerbaijan 100 29.7
Israel 17 81.8   Slovenia 59 54.7   Moldova 101 29.4
China 18 80.7   Qatar 60 54.5   Guatemala 102 28.3
Ireland 19 79.7   Georgia 61 53.7   Albania 103 27.9
Belgium 20 79.6   Peru 62 53.2   Bolivia 104 27.8
France 21 79.0   Pakistan 63 53.2   Paraguay 105 27.5
Austria 22 76.9   Morocco 64 52.9   Cambodia 106 27.5
Taiwan 23 76.9   Egypt 65 52.7   Algeria 107 27.2
Korea, South 24 76.2   Greece 66 51.9   Dominican Republic 108 26.6
Spain 25 73.4   Tunisia 67 51.8   Ethiopia 109 23.5
Poland 26 72.4   Croatia 68 51.8   Madagascar 110 23.4
Thailand 27 72.2   Jamaica 69 51.5   Zimbabwe 111 23.1
India 28 72.2   Jordan 70 50.8   Senegal 112 22.6
United Arab Emirates 29 69.1   Slovakia 71 50.5   Mozambique 113 22.2
Italy 30 68.9   Nigeria 72 50.1   Cameroon 114 22.1
Chile 31 68.1   Oman 73 49.6   Mali 115 20.5
Luxembourg 32 67.1   Panama 74 49.0   Nicaragua 116 20.4
Czech Republic 33 65.7   Cyprus 75 48.5   Benin 117 18.5
Portugal 34 65.6   Botswana 76 48.4   Burkina Faso 118 17.5
Turkey 35 65.2   Armenia 77 48.1   Syria 119 15.3
South Africa 36 64.8   Zambia 78 45.4   Lesotho 120 15.3
Indonesia 37 64.3   Kuwait 79 45.3   Venezuela 121 13.5
Saudi Arabia 38 64.3   Macedonia 80 45.3   Burundi 122 13.5
Russian Federation 39 63.5   Ecuador 81 45.2   Mauritania 123 12.6
Colombia 40 63.3   Serbia 82 44.9   Chad 124 11.5
Mexico 41 62.8   Ukraine 83 44.3   Angola 125 11.4
Philippines 42 61.3   Lebanon 84 43.9  
↑ indicates a rank increase over a five-year period. ↓ indicates a rank decrease over a five-year period.

— Ranking 2014 vs 2018—
  Decreasing attractiveness,
stay cautious
  Highly attractive,
invest/increase exposure
 
  Unattractive,
avoid
Change since 2014 Increasingly attractive,
monitor
 

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Last updated: 5 Feb 2018