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

Ukraine  
Rank: 72 · Score: 42.9  

Basic facts        
Population (millions) 38.0   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 128.9   M&A volume (quartile) 2nd
GDP per capita (US$) 3,391.7   Venture capital investments (quartile) 2nd
GDP growth (per cent) -3.0   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 72 40, 44, 49, 41, 53 42.9
1 Economic Activity 87 59, 62, 48, 0, 38 65.1
2 Depth of Capital Market 77 33, 41, 44, 45, 48 28.0
3 Taxation 28 102, 102, 94, 96, 97 104.4
4 Investor Protection and Corporate Governance 82 40, 41, 41, 43, 43 58.8
5 Human and Social Environment 62 56, 61, 60, 61, 63 31.8
6 Entrepreneurial Opportunities 67 67, 62, 65, 63, 58 46.0


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Ukraine  
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
Croatia 68.1 34.7 105.1 60.9 25.6 54.9
Slovakia 71.5 29.9 100.5 62.1 32.4 53.8
Belarus 71.1 26.1 108.1 56.6 35.5 48.1
Ukraine 65.1 28.0 104.4 58.8 31.8 46.0
Serbia 65.0 16.3 100.7 61.6 31.1 54.8
Georgia 57.8 10.9 113.5 87.1 34.6 45.9
Macedonia 48.3 14.7 124.2 65.2 26.6 43.5
Last updated: 4 Nov 2023