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

Nicaragua  
Rank: 116 · Score: 19.9  

Basic facts, 2020        
Population (millions) 6.6   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 11.9   M&A volume (quartile) Bottom
GDP per capita (US$) 1,797.1   Venture capital investments (quartile) Bottom
GDP growth (per cent) -5.5   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 116 9, 7, 10, 8, 9 19.9
1 Economic Activity 119 35, 35, 30, 8, 6 47.0
2 Depth of Capital Market 111 16, 8, 12, 11, 14 6.7
3 Taxation 110 22, 20, 16, 16, 15 73.2
4 Investor Protection and Corporate Governance 120 5, 6, 7, 5, 5 34.0
5 Human and Social Environment 113 15, 17, 18, 11, 12 19.1
6 Entrepreneurial Opportunities 111 12, 15, 15, 15, 14 24.9


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Nicaragua  
Latin America
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Bolivia 68.0 13.9 55.5 23.3 17.6 32.3
Dominican Republic 74.3 7.4 92.8 54.0 22.9 25.1
Guatemala 74.4 7.6 83.2 40.6 22.8 28.3
El Salvador 63.2 6.7 96.4 39.3 22.8 24.5
Paraguay 64.4 7.5 86.6 37.5 18.3 22.2
Nicaragua 47.0 6.7 73.2 34.0 19.1 24.9
Venezuela 2.9 2.7 18.4 4.1 8.1 10.7
Last updated: 21 Jun 2021