The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger
Ranking 2021
 
Country Rank/Trend Score Country Rank/Trend Score Country Rank/Trend Score
United States 1 100.0   Indonesia 43 57.8   Uruguay 85 34.8
United Kingdom 2 90.3   Cyprus 44 57.4   Mongolia 86 34.8
Japan 3 87.4   Lithuania 45 57.3   Tanzania 87 33.9
Germany 4 87.3   Vietnam 46 56.9   Botswana 88 33.5
Canada 5 87.2   Brazil 47 56.5   Macedonia 89 33.2
Singapore 6 85.0   Bulgaria 48 56.5   Armenia 90 32.9
China 7 84.7   Slovenia 49 56.5   Bosnia-Herzegovina 91 32.2
Australia 8 84.0   Greece 50 55.5   Georgia 92 31.7
Korea, South 9 83.8   Colombia 51 54.9   Zambia 93 31.4
France 10 83.6   Philippines 52 54.5   Azerbaijan 94 30.3
Hong Kong 11 82.4   Egypt 53 54.2   Algeria 95 29.5
Netherlands 12 81.7   Kazakhstan 54 54.1   Ecuador 96 29.2
Sweden 13 81.0   Morocco 55 54.0   Cambodia 97 28.4
Denmark 14 80.8   Malta 56 53.8   Kyrgyzstan 98 28.3
Switzerland 15 79.5   Croatia 57 53.1   Malawi 99 28.1
Finland 16 78.9   Qatar 58 52.3   Uganda 100 27.8
Norway 17 78.1   Kuwait 59 51.9   Moldova 101 27.0
New Zealand 18 76.7   Peru 60 51.8   Ivory Coast 102 25.9
Israel 19 76.5   Pakistan 61 51.6   Albania 103 25.6
Spain 20 76.1   Iceland 62 50.9   Bolivia 104 25.3
Belgium 21 75.0   Tunisia 63 50.7   Dominican Republic 105 24.2
Austria 22 75.0   Latvia 64 50.2   Guatemala 106 24.0
Malaysia 23 74.8   Serbia 65 50.0   Ethiopia 107 22.8
Ireland 24 73.9   Argentina 66 49.4   Mozambique 108 22.3
Taiwan 25 71.9   Bahrain 67 49.2   Senegal 109 22.1
India 26 71.0   Oman 68 48.4   Zimbabwe 110 21.9
Italy 27 70.8   Sri Lanka 69 48.0   El Salvador 111 21.9
Poland 28 67.8   Mauritius 70 47.8   Paraguay 112 21.2
Thailand 29 66.3   Jordan 71 47.7   Burkina Faso 113 20.9
Russian Federation 30 66.1   Slovakia 72 47.5   Mali 114 20.5
Portugal 31 65.4   Belarus 73 47.3   Madagascar 115 20.5
United Arab Emirates 32 64.8   Nigeria 74 46.7   Nicaragua 116 19.9
Czech Republic 33 64.1   Ghana 75 45.3   Benin 117 19.6
Chile 34 64.0   Kenya 76 44.8   Syria 118 19.5
Mexico 35 61.4   Montenegro 77 43.9   Cameroon 119 19.2
Luxembourg 36 61.4   Namibia 78 42.7   Lesotho 120 17.0
Saudi Arabia 37 61.4   Bangladesh 79 41.8   Mauritania 121 16.2
Estonia 38 61.0   Ukraine 80 40.7   Angola 122 15.1
Turkey 39 60.8   Panama 81 40.6   Chad 123 12.8
South Africa 40 60.3   Jamaica 82 39.8   Burundi 124 12.1
Romania 41 58.8   Rwanda 83 38.5   Venezuela 125 5.2
Hungary 42 58.8   Lebanon 84 37.6  
↑ indicates a rank increase over a five-year period. ↓ indicates a rank decrease over a five-year period.
Last updated: 21 Jun 2021