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

Cyprus  
Rank: 44 · Score: 57.4  

Basic facts, 2020        
Population (millions) 1.2   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 23.5   M&A volume (quartile) 3rd
GDP per capita (US$) 19,494.0   Venture capital investments (quartile) 3rd
GDP growth (per cent) -6.4   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 44 50, 50, 81, 82, 81 57.4
1 Economic Activity 89 21, 27, 28, 37, 36 62.8
2 Depth of Capital Market 51 43, 43, 62, 71, 74 54.2
3 Taxation 52 67, 72, 74, 69, 73 96.4
4 Investor Protection and Corporate Governance 35 92, 92, 93, 92, 90 80.9
5 Human and Social Environment 37 89, 88, 88, 89, 88 39.4
6 Entrepreneurial Opportunities 53 71, 71, 77, 71, 72 53.5


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Cyprus  
Western Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Italy 83.9 76.4 101.2 64.4 45.6 74.9
Portugal 78.2 61.8 108.1 76.9 40.6 69.0
Luxembourg 71.3 49.6 99.7 86.1 45.2 64.4
Cyprus 62.8 54.2 96.4 80.9 39.4 53.5
Greece 68.7 49.2 104.5 59.9 37.0 60.4
Malta 61.1 51.0 96.6 74.8 36.5 48.9
Iceland 63.7 23.8 101.8 96.0 48.0 68.5
Last updated: 21 Jun 2021