Firm Growth, Exit & Renewal — National Capability Index

Indicators

The measures seeded for this capability in the framework. They are candidate indicators: no cell in the index has a source document attached to it yet.

high-growth firm share
firm entry and exit rates
insolvency resolution time and recovery rate

Band spread across 197 nations

Frontier 1

Advanced 19

Established 18

Transitional 28

Foundational 47

Nascent 59

Inception 25

All 197 nations

Best first. The score is the mean of the four adjudicators' round-3 integers, rounded to the nearest integer; ±SD is their spread on that cell. Where the spread is three points or more, read the number as a band rather than a value.

#	Nation	Region	Score	Band	Panel SD
1	🇺🇸United States	Americas	19	Frontier	±0.43
2	🇳🇱Netherlands	Europe	17	Advanced	±0.50
3	🇸🇬Singapore	Asia Pacific	17	Advanced	±0.00
4	🇬🇧United Kingdom	Europe	17	Advanced	±0.43
5	🇦🇺Australia	Asia Pacific	16	Advanced	±0.50
6	🇨🇦Canada	Americas	16	Advanced	±0.50
7	🇩🇰Denmark	Europe	16	Advanced	±0.00
8	🇫🇮Finland	Europe	16	Advanced	±0.43
9	🇩🇪Germany	Europe	16	Advanced	±0.43
10	🇮🇱Israel	Middle East	16	Advanced	±0.43
11	🇸🇪Sweden	Europe	16	Advanced	±0.00
12	🇦🇹Austria	Europe	15	Advanced	±0.43
13	🇫🇷France	Europe	15	Advanced	±0.43
14	🇮🇪Ireland	Europe	15	Advanced	±0.43
15	🇯🇵Japan	Asia Pacific	15	Advanced	±0.83
16	🇳🇿New Zealand	Asia Pacific	15	Advanced	±0.50
17	🇳🇴Norway	Europe	15	Advanced	±0.00
18	🇰🇷South Korea	Asia Pacific	15	Advanced	±0.43
19	🇨🇭Switzerland	Europe	15	Advanced	±0.43
20	🇹🇼Taiwan	Asia Pacific	15	Advanced	±0.00
21	🇧🇪Belgium	Europe	14	Established	±0.00
22	🇪🇪Estonia	Europe	14	Established	±0.00
23	🇨🇳China	Asia Pacific	13	Established	±1.12
24	🇮🇸Iceland	Europe	13	Established	±0.50
25	🇱🇹Lithuania	Europe	13	Established	±0.50
26	🇱🇺Luxembourg	Europe	13	Established	±0.00
27	🇲🇾Malaysia	Asia Pacific	13	Established	±0.50
28	🇵🇱Poland	Europe	13	Established	±0.00
29	🇪🇸Spain	Europe	13	Established	±0.00
30	🇦🇪United Arab Emirates	Middle East	13	Established	±0.00
31	🇨🇿Czechia	Europe	12	Established	±0.00
32	🇮🇳India	Asia Pacific	12	Established	±0.50
33	🇮🇹Italy	Europe	12	Established	±0.50
34	🇱🇻Latvia	Europe	12	Established	±0.00
35	🇱🇮Liechtenstein	Europe	12	Established	±0.00
36	🇵🇹Portugal	Europe	12	Established	±0.00
37	🇸🇰Slovakia	Europe	12	Established	±0.00
38	🇸🇮Slovenia	Europe	12	Established	±0.00
39	🇨🇱Chile	Americas	11	Transitional	±0.00
40	🇭🇺Hungary	Europe	11	Transitional	±0.00
41	🇲🇹Malta	Europe	11	Transitional	±0.50
42	🇲🇺Mauritius	Africa	11	Transitional	±0.00
43	🇲🇽Mexico	Americas	11	Transitional	±0.00
44	🇷🇴Romania	Europe	11	Transitional	±0.00
45	🇸🇦Saudi Arabia	Middle East	11	Transitional	±0.43
46	🇹🇭Thailand	Asia Pacific	11	Transitional	±0.43
47	🇹🇷Türkiye	Middle East	11	Transitional	±0.43
48	🇧🇷Brazil	Americas	10	Transitional	±0.43
49	🇭🇷Croatia	Europe	10	Transitional	±0.00
50	🇨🇾Cyprus	Middle East	10	Transitional	±0.00
51	🇬🇪Georgia	Middle East	10	Transitional	±0.43
52	🇮🇩Indonesia	Asia Pacific	10	Transitional	±0.00
53	🇿🇦South Africa	Africa	10	Transitional	±0.00
54	🇺🇾Uruguay	Americas	10	Transitional	±0.00
55	🇻🇳Vietnam	Asia Pacific	10	Transitional	±0.00
56	🇧🇬Bulgaria	Europe	9	Transitional	±0.00
57	🇨🇴Colombia	Americas	9	Transitional	±0.00
58	🇨🇷Costa Rica	Americas	9	Transitional	±0.00
59	🇬🇷Greece	Europe	9	Transitional	±0.43
60	🇲🇦Morocco	Africa	9	Transitional	±0.00
61	🇵🇦Panama	Americas	9	Transitional	±0.00
62	🇵🇪Peru	Americas	9	Transitional	±0.43
63	🇵🇭Philippines	Asia Pacific	9	Transitional	±0.00
64	🇶🇦Qatar	Middle East	9	Transitional	±0.43
65	🇷🇺Russia	Europe	9	Transitional	±0.43
66	🇷🇸Serbia	Europe	9	Transitional	±0.00
67	🇦🇷Argentina	Americas	8	Foundational	±0.43
68	🇦🇲Armenia	Middle East	8	Foundational	±0.43
69	🇧🇭Bahrain	Middle East	8	Foundational	±0.43
70	🇩🇴Dominican Republic	Americas	8	Foundational	±0.50
71	🇪🇬Egypt	Africa	8	Foundational	±0.43
72	🇰🇿Kazakhstan	Asia Pacific	8	Foundational	±0.00
73	🇰🇪Kenya	Africa	8	Foundational	±0.43
74	🇲🇨Monaco	Europe	8	Foundational	±0.43
75	🇳🇬Nigeria	Africa	8	Foundational	±0.43
76	🇲🇰North Macedonia	Europe	8	Foundational	±0.50
77	🇴🇲Oman	Middle East	8	Foundational	±0.43
78	🇹🇳Tunisia	Africa	8	Foundational	±0.43
79	🇺🇦Ukraine	Europe	8	Foundational	±0.00
80	🇧🇩Bangladesh	Asia Pacific	7	Foundational	±0.00
81	🇧🇼Botswana	Africa	7	Foundational	±0.00
82	🇬🇭Ghana	Africa	7	Foundational	±0.00
83	🇯🇴Jordan	Middle East	7	Foundational	±0.00
84	🇲🇩Moldova	Europe	7	Foundational	±0.00
85	🇲🇪Montenegro	Europe	7	Foundational	±0.43
86	🇳🇦Namibia	Africa	7	Foundational	±0.50
87	🇵🇰Pakistan	Asia Pacific	7	Foundational	±0.43
88	🇵🇾Paraguay	Americas	7	Foundational	±0.00
89	🇷🇼Rwanda	Africa	7	Foundational	±0.00
90	🇸🇲San Marino	Europe	7	Foundational	±0.43
91	🇱🇰Sri Lanka	Asia Pacific	7	Foundational	±0.00
92	🇹🇹Trinidad & Tobago	Americas	7	Foundational	±0.43
93	🇦🇱Albania	Europe	6	Foundational	±0.43
94	🇦🇩Andorra	Europe	6	Foundational	±0.43
95	🇦🇿Azerbaijan	Middle East	6	Foundational	±0.00
96	🇧🇸Bahamas	Americas	6	Foundational	±0.00
97	🇧🇧Barbados	Americas	6	Foundational	±0.43
98	🇧🇦Bosnia & Herzegovina	Europe	6	Foundational	±0.00
99	🇨🇮Côte d'Ivoire	Africa	6	Foundational	±0.43
100	🇪🇨Ecuador	Americas	6	Foundational	±0.00
101	🇸🇻El Salvador	Americas	6	Foundational	±0.00
102	🇬🇹Guatemala	Americas	6	Foundational	±0.00
103	🇮🇷Iran	Asia Pacific	6	Foundational	±0.43
104	🇯🇲Jamaica	Americas	6	Foundational	±0.00
105	🇽🇰Kosovo	Europe	6	Foundational	±0.43
106	🇰🇼Kuwait	Middle East	6	Foundational	±0.43
107	🇲🇳Mongolia	Asia Pacific	6	Foundational	±0.43
108	🇸🇳Senegal	Africa	6	Foundational	±0.00
109	🇸🇨Seychelles	Africa	6	Foundational	±0.43
110	🇹🇿Tanzania	Africa	6	Foundational	±0.00
111	🇺🇬Uganda	Africa	6	Foundational	±0.00
112	🇺🇿Uzbekistan	Asia Pacific	6	Foundational	±0.00
113	🇿🇲Zambia	Africa	6	Foundational	±0.50
114	🇩🇿Algeria	Africa	5	Nascent	±0.00
115	🇦🇬Antigua & Barbuda	Americas	5	Nascent	±0.43
116	🇧🇾Belarus	Europe	5	Nascent	±0.00
117	🇧🇴Bolivia	Americas	5	Nascent	±0.00
118	🇧🇳Brunei	Asia Pacific	5	Nascent	±0.00
119	🇨🇻Cabo Verde	Africa	5	Nascent	±0.00
120	🇰🇭Cambodia	Asia Pacific	5	Nascent	±0.00
121	🇪🇹Ethiopia	Africa	5	Nascent	±0.00
122	🇫🇯Fiji	Asia Pacific	5	Nascent	±0.00
123	🇬🇾Guyana	Americas	5	Nascent	±0.50
124	🇭🇳Honduras	Americas	5	Nascent	±0.00
125	🇰🇬Kyrgyzstan	Asia Pacific	5	Nascent	±0.00
126	🇲🇻Maldives	Asia Pacific	5	Nascent	±0.00
127	🇳🇵Nepal	Asia Pacific	5	Nascent	±0.50
128	🇳🇮Nicaragua	Americas	5	Nascent	±0.43
129	🇸🇷Suriname	Americas	5	Nascent	±0.00
130	🇦🇴Angola	Africa	4	Nascent	±0.00
131	🇧🇿Belize	Americas	4	Nascent	±0.43
132	🇧🇯Benin	Africa	4	Nascent	±0.00
133	🇧🇹Bhutan	Asia Pacific	4	Nascent	±0.43
134	🇨🇲Cameroon	Africa	4	Nascent	±0.00
135	🇩🇲Dominica	Americas	4	Nascent	±0.43
136	🇸🇿Eswatini	Africa	4	Nascent	±0.43
137	🇬🇦Gabon	Africa	4	Nascent	±0.00
138	🇬🇲Gambia	Africa	4	Nascent	±0.00
139	🇬🇩Grenada	Americas	4	Nascent	±0.43
140	🇮🇶Iraq	Middle East	4	Nascent	±0.00
141	🇱🇦Laos	Asia Pacific	4	Nascent	±0.00
142	🇱🇧Lebanon	Middle East	4	Nascent	±0.00
143	🇱🇸Lesotho	Africa	4	Nascent	±0.00
144	🇲🇬Madagascar	Africa	4	Nascent	±0.00
145	🇲🇼Malawi	Africa	4	Nascent	±0.00
146	🇲🇿Mozambique	Africa	4	Nascent	±0.00
147	🇵🇸Palestine	Middle East	4	Nascent	±0.00
148	🇵🇬Papua New Guinea	Asia Pacific	4	Nascent	±0.00
149	🇰🇳Saint Kitts & Nevis	Americas	4	Nascent	±0.43
150	🇱🇨Saint Lucia	Americas	4	Nascent	±0.43
151	🇻🇨Saint Vincent & Grenadines	Americas	4	Nascent	±0.43
152	🇸🇱Sierra Leone	Africa	4	Nascent	±0.00
153	🇹🇯Tajikistan	Asia Pacific	4	Nascent	±0.00
154	🇹🇬Togo	Africa	4	Nascent	±0.00
155	🇿🇼Zimbabwe	Africa	4	Nascent	±0.00
156	🇧🇫Burkina Faso	Africa	3	Nascent	±0.00
157	🇨🇬Congo	Africa	3	Nascent	±0.00
158	🇩🇯Djibouti	Africa	3	Nascent	±0.00
159	🇬🇶Equatorial Guinea	Africa	3	Nascent	±0.00
160	🇬🇳Guinea	Africa	3	Nascent	±0.00
161	🇱🇷Liberia	Africa	3	Nascent	±0.00
162	🇲🇱Mali	Africa	3	Nascent	±0.00
163	🇲🇷Mauritania	Africa	3	Nascent	±0.00
164	🇲🇲Myanmar	Asia Pacific	3	Nascent	±0.00
165	🇳🇪Niger	Africa	3	Nascent	±0.43
166	🇼🇸Samoa	Asia Pacific	3	Nascent	±0.00
167	🇸🇹São Tomé & Príncipe	Africa	3	Nascent	±0.00
168	🇸🇧Solomon Islands	Asia Pacific	3	Nascent	±0.00
169	🇹🇱Timor-Leste	Asia Pacific	3	Nascent	±0.00
170	🇹🇴Tonga	Asia Pacific	3	Nascent	±0.00
171	🇻🇺Vanuatu	Asia Pacific	3	Nascent	±0.00
172	🇻🇪Venezuela	Americas	3	Nascent	±0.00
173	🇧🇮Burundi	Africa	2	Inception	±0.00
174	🇹🇩Chad	Africa	2	Inception	±0.43
175	🇰🇲Comoros	Africa	2	Inception	±0.00
176	🇨🇺Cuba	Americas	2	Inception	±0.00
177	🇨🇩DR Congo	Africa	2	Inception	±0.43
178	🇬🇼Guinea-Bissau	Africa	2	Inception	±0.00
179	🇭🇹Haiti	Americas	2	Inception	±0.00
180	🇰🇮Kiribati	Asia Pacific	2	Inception	±0.00
181	🇱🇾Libya	Africa	2	Inception	±0.00
182	🇲🇭Marshall Islands	Asia Pacific	2	Inception	±0.00
183	🇫🇲Micronesia	Asia Pacific	2	Inception	±0.00
184	🇵🇼Palau	Asia Pacific	2	Inception	±0.00
185	🇸🇩Sudan	Africa	2	Inception	±0.00
186	🇸🇾Syria	Middle East	2	Inception	±0.50
187	🇹🇲Turkmenistan	Asia Pacific	2	Inception	±0.43
188	🇹🇻Tuvalu	Asia Pacific	2	Inception	±0.50
189	🇦🇫Afghanistan	Asia Pacific	1	Inception	±0.00
190	🇨🇫Central African Rep.	Africa	1	Inception	±0.00
191	🇪🇷Eritrea	Africa	1	Inception	±0.00
192	🇳🇷Nauru	Asia Pacific	1	Inception	±0.00
193	🇰🇵North Korea	Asia Pacific	1	Inception	±0.50
194	🇸🇴Somalia	Africa	1	Inception	±0.00
195	🇸🇸South Sudan	Africa	1	Inception	±0.00
196	🇾🇪Yemen	Middle East	1	Inception	±0.00
197	🇻🇦Holy See	Europe	0	Inception	±0.00

Others in Business Dynamism & Entrepreneurship

Capability	World mean	Range	Leader
Entrepreneurship & Firm Creation	8.2	0–19	United States
Risk Capital & Scale-Up Finance	5.5	0–20	United States
Competition & Market Contestability	7.2	0–18	United States