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

Norway  
Rank: 12 · Score: 78.8  

Basic facts        
Population (millions) 5.5   IPOs and pulic issues (quartile) Top
GDP (US$ billions) 597.0   M&A volume (quartile) 3rd
GDP per capita (US$) 109,389.6   Venture capital investments (quartile) Top
GDP growth (per cent) 2.1   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 12 110, 110, 111, 112, 113 78.8
1 Economic Activity 23 98, 108, 87, 97, 102 84.0
2 Depth of Capital Market 10 111, 110, 111, 114, 115 78.2
3 Taxation 38 84, 87, 84, 85, 87 101.9
4 Investor Protection and Corporate Governance 7 116, 118, 118, 118, 118 101.1
5 Human and Social Environment 19 108, 105, 105, 106, 106 50.9
6 Entrepreneurial Opportunities 19 107, 107, 106, 106, 106 81.3


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Norway  
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
Germany 90.8 81.2 71.6 89.3 74.1 92.2
France 85.1 77.6 91.0 86.1 70.3 87.1
Netherlands 85.5 73.4 89.0 88.3 62.8 87.5
Norway 84.0 78.2 101.9 101.1 50.9 81.3
Denmark 79.1 67.9 98.9 102.0 60.4 86.7
Switzerland 83.4 68.0 108.9 75.3 65.1 85.3
Finland 74.6 66.2 105.4 101.5 53.5 86.3
Last updated: 4 Nov 2023