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

Croatia  
Rank: 57 · Score: 53.1  

Basic facts, 2020        
Population (millions) 4.1   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 56.0   M&A volume (quartile) 2nd
GDP per capita (US$) 13,792.4   Venture capital investments (quartile) Bottom
GDP growth (per cent) -8.4   Private equity investments (quartile) 3rd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 57 70, 73, 75, 72, 68 53.1
1 Economic Activity 74 27, 38, 40, 48, 51 69.9
2 Depth of Capital Market 53 67, 68, 72, 68, 72 53.9
3 Taxation 23 111, 110, 95, 100, 102 102.5
4 Investor Protection and Corporate Governance 71 61, 62, 68, 61, 54 63.3
5 Human and Social Environment 93 58, 55, 54, 43, 32 25.1
6 Entrepreneurial Opportunities 50 79, 75, 76, 77, 75 54.7


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Croatia  
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
Lithuania 70.3 49.5 99.1 81.8 36.5 57.3
Bulgaria 72.8 56.4 87.8 69.0 32.0 55.7
Slovenia 70.6 41.1 108.8 74.7 34.0 72.7
Croatia 69.9 53.9 102.5 63.3 25.1 54.7
Latvia 65.1 33.7 102.8 83.0 36.1 53.9
Serbia 67.2 41.6 78.1 62.1 31.2 55.9
Slovakia 73.7 30.2 97.9 66.4 31.9 56.4
Last updated: 21 Jun 2021