| Serbia | |
| Rank: 81 · Score: 38.4 |
| Basic facts | ||||
| Population (millions) | 6.8 | IPOs and pulic issues (quartile) | Bottom | |
| GDP (US$ billions) | 63.5 | M&A volume (quartile) | 2nd | |
| GDP per capita (US$) | 9,393.6 | Venture capital investments (quartile) | Bottom | |
| GDP growth (per cent) | 2.0 | Private equity investments (quartile) | Bottom |
Performance Overview
| Indicator | Rank / 125 | Rank Trend | Score | |
| VC/PE Country Attractiveness Index | 81 | 47, 50, 47, 44, 44 | 38.4 | |
| 1 | Economic Activity | 88 | 26, 43, 55, 42, 37 | 65.0 |
| 2 | Depth of Capital Market | 85 | 43, 43, 41, 39, 40 | 16.3 |
| 3 | Taxation | 42 | 78, 76, 81, 82, 83 | 100.7 |
| 4 | Investor Protection and Corporate Governance | 71 | 45, 46, 50, 54, 54 | 61.6 |
| 5 | Human and Social Environment | 65 | 64, 66, 61, 60, 60 | 31.1 |
| 6 | Entrepreneurial Opportunities | 47 | 79, 82, 78, 79, 78 | 54.8 |
| 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 |
| Slovakia | 71.5 | 29.9 | 100.5 | 62.1 | 32.4 | 53.8 |
| Belarus | 71.1 | 26.1 | 108.1 | 56.6 | 35.5 | 48.1 |
| 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 |
Last updated: 4 Nov 2023