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

Bosnia-Herzegovina  
Rank: 91 · Score: 32.2  

Basic facts, 2020        
Population (millions) 3.5   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 20.3   M&A volume (quartile) Bottom
GDP per capita (US$) 5,841.0   Venture capital investments (quartile) Bottom
GDP growth (per cent) -4.7   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 91 27, 33, 36, 34, 34 32.2
1 Economic Activity 110 1, 4, 9, 12, 15 55.9
2 Depth of Capital Market 87 38, 38, 41, 40, 38 18.3
3 Taxation 105 19, 15, 24, 21, 20 77.6
4 Investor Protection and Corporate Governance 102 33, 32, 33, 29, 23 48.7
5 Human and Social Environment 109 37, 31, 29, 27, 16 21.4
6 Entrepreneurial Opportunities 88 40, 35, 39, 43, 37 38.1


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Bosnia-Herzegovina  
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
Montenegro 42.0 36.1 88.5 76.5 31.1 43.6
Ukraine 75.1 21.7 94.6 57.4 30.7 49.0
Macedonia 50.5 14.2 97.5 65.0 25.2 45.3
Bosnia-Herzegovina 55.9 18.3 77.6 48.7 21.4 38.1
Georgia 57.1 7.9 99.5 85.0 34.1 50.0
Moldova 56.8 7.1 94.9 65.2 24.5 41.8
Albania 55.3 7.1 82.3 58.5 27.7 34.7
Last updated: 21 Jun 2021