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

Moldova  
Rank: 101 · Score: 27.0  

Basic facts, 2020        
Population (millions) 4.0   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 11.2   M&A volume (quartile) Bottom
GDP per capita (US$) 2,786.6   Venture capital investments (quartile) 2nd
GDP growth (per cent) -4.5   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 101 21, 24, 25, 25, 24 27.0
1 Economic Activity 106 18, 23, 24, 22, 19 56.8
2 Depth of Capital Market 109 8, 11, 14, 14, 16 7.1
3 Taxation 65 63, 62, 84, 82, 60 94.9
4 Investor Protection and Corporate Governance 62 48, 45, 46, 57, 63 65.2
5 Human and Social Environment 97 18, 16, 19, 24, 28 24.5
6 Entrepreneurial Opportunities 80 54, 57, 52, 53, 45 41.8


 
Historic performance, 2017-2021   Key driver performance, 2021

   

VCPE Rank  
VC Rank  
PE Rank
Moldova  
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