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

Serbia  
Rank: 82 · Score: 44.9  

Basic facts, 2017        
Population (millions) 7.1   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 37.7   M&A volume (quartile) 2nd
GDP per capita (US$) 5,316.2   Venture capital investments (quartile) Bottom
GDP growth (per cent) 1.0   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 82 38, 42, 44, 50, 43 44.9
1 Economic Activity 101 19, 11, 17, 31, 24 57.6
2 Depth of Capital Market 82 42, 48, 51, 52, 43 31.1
3 Taxation 96 3, 3, 22, 32, 29 85.0
4 Investor Protection and Corporate Governance 91 29, 30, 29, 34, 34 50.1
5 Human and Social Environment 67 52, 51, 50, 52, 58 45.5
6 Entrepreneurial Opportunities 61 55, 47, 53, 53, 64 52.6


 
Historic performance, 2014-2018   Key driver performance, 2018

   

VCPE Rank  
VC Rank  
PE Rank
Serbia  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Envorinment
Entrepreneurial Culture
and Deal Opportunites
Croatia 65.6 48.1 91.1 57.1 36.0 52.4
Slovakia 73.7 34.7 103.7 58.1 44.3 58.6
Macedonia 39.3 29.5 103.3 67.5 58.5 51.6
Serbia 57.6 31.1 85.0 50.1 45.5 52.6
Ukraine 71.5 31.1 100.3 49.0 32.6 52.4
Montenegro 38.7 27.7 93.7 64.3 55.4 46.5
Bosnia-Herzegovina 41.9 23.0 81.9 44.9 37.0 38.8
Last updated: 4 Feb 2018