The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger
81 Serbia Score: 40.5
Previous: 80 Kenya Next: 82 Nigeria

Region: Eastern Europe — Capital: Bergrade — Language: Serbian — Currency: Serbian Dinar

           

Population (millions) 7.1   IPO Volume (quartile) Q4  
GDP (US$ billions) 44.0   M&A Volume (quartile) Q3  
GDP Per Capita (US$) 6,159.1   Venture Capital Activity (quartile) Q4  
GDP Growth (%) -1.3   Private Equity Activity (quartile) Q4  
           

VCPE Country Attractiveness
— Click on each indicator to expand or collapse it —
  Rank
2011
Rank
2013
Rank
2015
Score
2015
Quartile
2015
VCPE Index
70
78
81
40.5
Q3
103
106
107
50.2
Q4
67
82
87
26.4
Q3
98
114
114
40.7
Q4
88
88
89
48.3
Q3
59
50
52
58.6
Q2
60
60
68
46.8
Q3

 

Key Driver Performance
— United States = 100 points —

Historic Development
— Separate VCPE, VC, and PE index time series —

Serbia  
Eastern Europe

VCPE Rank  
VC Rank  
PE Rank
Customize Analysis
 
 

Peer Group Comparison
— Green = high rank, red = low rank —
  1. Economic
Activity
2. Depth of
Capital Market
3. Taxation 4. Inv. Protection and
Corporate Gov.
5. Human and Social
Environment
6. Entrepreneurial
Opportunities
89
78
52
42
39
70
113
90
34
50
37
56
111
48
116
101
106
58
81 Serbia (selected)
107
87
114
89
52
68
112
89
102
75
57
77
115
95
87
45
29
84
54
101
50
113
74
59