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

Uruguay  
Rank: 84 · Score: 36.3  

Basic facts        
Population (millions) 3.4   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 69.6   M&A volume (quartile) Bottom
GDP per capita (US$) 20,348.7   Venture capital investments (quartile) 3rd
GDP growth (per cent) 2.0   Private equity investments (quartile) 3rd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 84 42, 40, 40, 42, 41 36.3
1 Economic Activity 77 40, 38, 32, 46, 48 68.0
2 Depth of Capital Market 89 37, 36, 35, 35, 36 14.2
3 Taxation 76 60, 60, 55, 54, 49 86.7
4 Investor Protection and Corporate Governance 60 64, 64, 64, 65, 65 65.9
5 Human and Social Environment 57 71, 62, 63, 66, 68 32.2
6 Entrepreneurial Opportunities 62 62, 67, 64, 65, 63 48.4


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Uruguay  
Latin America
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Argentina 77.3 30.9 28.2 53.8 25.8 49.7
Jamaica 55.9 30.4 76.2 67.6 32.1 37.2
Panama 70.1 28.5 75.3 59.6 25.2 35.0
Uruguay 68.0 14.2 86.7 65.9 32.2 48.4
Ecuador 75.5 14.6 77.8 47.6 23.2 35.2
Dominican Republic 73.0 12.4 81.5 56.1 25.0 24.3
Bolivia 67.4 13.9 55.5 24.9 17.6 33.4
Last updated: 4 Nov 2023