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

Singapore  
Rank: 7 · Score: 82.4  

Basic facts        
Population (millions) 5.6   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 466.7   M&A volume (quartile) Top
GDP per capita (US$) 82,793.3   Venture capital investments (quartile) Top
GDP growth (per cent) 1.5   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 7 117, 115, 117, 118, 118 82.4
1 Economic Activity 29 97, 101, 117, 98, 96 83.1
2 Depth of Capital Market 20 102, 101, 102, 103, 105 72.6
3 Taxation 13 114, 111, 110, 112, 112 113.7
4 Investor Protection and Corporate Governance 2 123, 123, 123, 123, 123 109.5
5 Human and Social Environment 7 118, 118, 118, 118, 118 64.5
6 Entrepreneurial Opportunities 8 116, 116, 116, 116, 117 87.7


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Singapore  
Asia
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Japan 94.1 88.1 92.6 94.2 61.4 94.0
Korea, South 90.0 87.0 92.0 85.4 50.0 98.1
Singapore 83.1 72.6 113.7 109.5 64.5 87.7
China 100.8 95.0 91.7 51.0 67.3 89.6
Hong Kong 81.9 63.7 116.3 108.4 57.3 78.1
India 95.3 86.5 80.1 79.4 43.8 69.1
Malaysia 84.1 76.3 93.1 94.8 42.0 72.0
Last updated: 4 Nov 2023