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

Syria  
Rank: 119 · Score: 17.9  

Basic facts        
Population (millions) 22.1   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 10.0   M&A volume (quartile) Bottom
GDP per capita (US$) 453.9   Venture capital investments (quartile) Bottom
GDP growth (per cent) 0.0   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 119 10, 7, 10, 6, 6 17.9
1 Economic Activity 113 41, 29, 10, 19, 12 54.4
2 Depth of Capital Market 119 19, 16, 22, 9, 6 5.0
3 Taxation 92 42, 42, 36, 34, 33 73.9
4 Investor Protection and Corporate Governance 111 15, 13, 13, 14, 14 38.8
5 Human and Social Environment 124 1, 1, 1, 1, 1 10.2
6 Entrepreneurial Opportunities 104 12, 11, 17, 17, 21 28.3


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Syria  
Middle East
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Oman 76.4 51.6 113.3 67.7 34.3 31.1
Kuwait 77.9 45.5 113.9 66.9 29.1 38.7
Qatar 83.7 32.8 127.8 47.2 42.1 50.7
Bahrain 70.2 32.0 101.3 77.5 35.1 40.7
Jordan 50.1 32.6 87.8 67.4 35.5 45.6
Lebanon 13.5 12.4 104.4 42.7 24.9 47.7
Syria 54.4 5.0 73.9 38.8 10.2 28.3
Last updated: 4 Nov 2023