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

Ethiopia  
Rank: 107 · Score: 22.8  

Basic facts, 2020        
Population (millions) 115.0   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 95.6   M&A volume (quartile) Bottom
GDP per capita (US$) 831.5   Venture capital investments (quartile) Bottom
GDP growth (per cent) 1.9   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 107 19, 18, 19, 19, 18 22.8
1 Economic Activity 44 91, 87, 92, 81, 81 78.4
2 Depth of Capital Market 116 13, 12, 13, 10, 9 5.4
3 Taxation 88 45, 44, 40, 35, 37 84.4
4 Investor Protection and Corporate Governance 123 13, 9, 5, 4, 2 29.5
5 Human and Social Environment 96 33, 34, 31, 32, 29 24.7
6 Entrepreneurial Opportunities 83 23, 29, 28, 38, 42 39.1


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Ethiopia  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Malawi 52.6 12.4 79.8 60.2 23.1 29.6
Uganda 70.8 10.1 82.4 58.4 22.5 31.3
Ivory Coast 70.2 9.4 57.8 50.0 27.0 26.9
Ethiopia 78.4 5.4 84.4 29.5 24.7 39.1
Mozambique 46.7 8.6 78.0 36.1 16.4 31.4
Senegal 61.6 4.9 57.6 55.3 30.3 28.8
Zimbabwe 56.2 6.7 72.1 43.2 17.8 30.3
Last updated: 21 Jun 2021