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

Georgia  
Rank: 92 · Score: 31.7  

Basic facts, 2020        
Population (millions) 3.7   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 15.9   M&A volume (quartile) 2nd
GDP per capita (US$) 4,266.9   Venture capital investments (quartile) Bottom
GDP growth (per cent) -5.5   Private equity investments (quartile) 3rd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 92 36, 37, 35, 33, 33 31.7
1 Economic Activity 104 23, 20, 21, 20, 21 57.1
2 Depth of Capital Market 103 25, 26, 27, 23, 22 7.9
3 Taxation 38 87, 87, 86, 85, 87 99.5
4 Investor Protection and Corporate Governance 29 95, 96, 96, 99, 96 85.0
5 Human and Social Environment 49 76, 79, 79, 82, 76 34.1
6 Entrepreneurial Opportunities 58 55, 60, 59, 66, 67 50.0


 
Historic performance, 2017-2021   Key driver performance, 2021

   

VCPE Rank  
VC Rank  
PE Rank
Georgia  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Envorinment
Entrepreneurial Culture
and Deal 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