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

Moldova  
Rank: 101 · Score: 27.5  

Basic facts        
Population (millions) 2.6   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 15.7   M&A volume (quartile) Bottom
GDP per capita (US$) 6,062.2   Venture capital investments (quartile) Bottom
GDP growth (per cent) 2.0   Private equity investments (quartile) 2nd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 101 24, 24, 26, 23, 24 27.5
1 Economic Activity 101 27, 24, 67, 25, 24 62.1
2 Depth of Capital Market 111 11, 13, 15, 14, 14 6.9
3 Taxation 5 118, 118, 118, 119, 120 117.6
4 Investor Protection and Corporate Governance 62 52, 61, 60, 63, 63 65.3
5 Human and Social Environment 86 24, 27, 34, 36, 39 26.9
6 Entrepreneurial Opportunities 81 48, 43, 46, 44, 44 40.3


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Moldova  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
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
Bosnia-Herzegovina 52.7 14.4 102.9 49.6 21.4 38.6
Moldova 62.1 6.9 117.6 65.3 26.9 40.3
Albania 54.6 6.4 99.0 59.7 28.3 36.0
Last updated: 4 Nov 2023