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

Spain  
Rank: 21 · Score: 71.4  

Basic facts        
Population (millions) 47.6   IPOs and pulic issues (quartile) Top
GDP (US$ billions) 1,397.5   M&A volume (quartile) Top
GDP per capita (US$) 29,350.4   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 21 105, 104, 101, 102, 104 71.4
1 Economic Activity 59 49, 42, 53, 74, 66 72.9
2 Depth of Capital Market 21 108, 103, 98, 96, 104 70.0
3 Taxation 63 70, 69, 66, 65, 62 90.9
4 Investor Protection and Corporate Governance 31 94, 94, 93, 94, 94 82.6
5 Human and Social Environment 16 106, 110, 110, 109, 109 53.4
6 Entrepreneurial Opportunities 23 102, 103, 102, 102, 102 74.8


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Spain  
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
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
Belgium 80.4 69.2 90.4 96.6 46.5 81.9
Spain 72.9 70.0 90.9 82.6 53.4 74.8
Italy 81.6 76.4 89.8 63.7 47.8 75.8
Ireland 84.6 52.9 92.3 98.2 48.1 71.9
Sweden 76.2 36.8 104.0 96.1 53.4 88.9
Last updated: 4 Nov 2023