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

Turkey  
Rank: 39 · Score: 60.8  

Basic facts, 2020        
Population (millions) 83.2   IPOs and pulic issues (quartile) Top
GDP (US$ billions) 718.5   M&A volume (quartile) 3rd
GDP per capita (US$) 8,640.4   Venture capital investments (quartile) 3rd
GDP growth (per cent) 1.6   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 39 91, 88, 90, 88, 86 60.8
1 Economic Activity 49 101, 88, 98, 83, 76 77.3
2 Depth of Capital Market 35 101, 96, 93, 91, 90 70.6
3 Taxation 27 103, 102, 101, 94, 98 101.9
4 Investor Protection and Corporate Governance 55 64, 61, 51, 59, 70 67.3
5 Human and Social Environment 55 78, 74, 74, 74, 70 32.4
6 Entrepreneurial Opportunities 51 87, 83, 82, 74, 74 54.5


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Turkey  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Poland 87.1 75.0 100.3 66.8 39.4 66.8
Czech Republic 81.3 55.5 96.7 76.4 40.4 72.1
Estonia 67.5 52.1 98.2 87.7 44.7 61.1
Turkey 77.3 70.6 101.9 67.3 32.4 54.5
Romania 81.5 57.2 89.6 73.8 34.9 54.7
Hungary 79.8 53.8 95.8 64.0 34.0 65.0
Lithuania 70.3 49.5 99.1 81.8 36.5 57.3
Last updated: 21 Jun 2021