Economic/Production & Innovation/Business Dynamism & Entrepreneurship

Risk Capital & Scale-Up Finance

The capacity to fund ambition: venture and growth capital depth, public co-investment machinery and the financing ladder that carries firms from formation to scale without leaving the country to do it.
factbase.org/cap/DQW225WG1T
World mean
5.5
of 20 · median 4.0
Range
0–20
middle half 1.0–9.0
Panel SD
±0.21
round 1 ±0.81 — the honest estimate
Leader
20
United States

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.

Band spread across 197 nations

Frontier 2
Advanced 14
Established 13
Transitional 24
Foundational 28
Nascent 41
Inception 75

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.

#NationRegionScoreBandPanel SD
1 🇺🇸United States Americas 20 Frontier ±0.00
2 🇮🇱Israel Middle East 19 Frontier ±0.50
3 🇨🇳China Asia Pacific 17 Advanced ±0.00
4 🇸🇬Singapore Asia Pacific 17 Advanced ±0.00
5 🇬🇧United Kingdom Europe 17 Advanced ±0.00
6 🇫🇷France Europe 16 Advanced ±0.00
7 🇩🇪Germany Europe 16 Advanced ±0.00
8 🇳🇱Netherlands Europe 16 Advanced ±0.00
9 🇰🇷South Korea Asia Pacific 16 Advanced ±0.43
10 🇸🇪Sweden Europe 16 Advanced ±0.43
11 🇨🇭Switzerland Europe 16 Advanced ±0.00
12 🇦🇺Australia Asia Pacific 15 Advanced ±0.43
13 🇨🇦Canada Americas 15 Advanced ±0.00
14 🇩🇰Denmark Europe 15 Advanced ±0.00
15 🇫🇮Finland Europe 15 Advanced ±0.00
16 🇮🇳India Asia Pacific 15 Advanced ±0.83
17 🇪🇪Estonia Europe 14 Established ±0.43
18 🇮🇪Ireland Europe 14 Established ±0.00
19 🇯🇵Japan Asia Pacific 14 Established ±0.43
20 🇹🇼Taiwan Asia Pacific 14 Established ±0.43
21 🇦🇹Austria Europe 13 Established ±0.43
22 🇧🇪Belgium Europe 13 Established ±0.00
23 🇳🇴Norway Europe 13 Established ±0.00
24 🇦🇪United Arab Emirates Middle East 13 Established ±0.43
25 🇧🇷Brazil Americas 12 Established ±0.43
26 🇳🇿New Zealand Asia Pacific 12 Established ±0.43
27 🇵🇱Poland Europe 12 Established ±0.43
28 🇵🇹Portugal Europe 12 Established ±0.50
29 🇪🇸Spain Europe 12 Established ±0.43
30 🇮🇩Indonesia Asia Pacific 11 Transitional ±0.00
31 🇮🇹Italy Europe 11 Transitional ±0.43
32 🇱🇺Luxembourg Europe 11 Transitional ±0.43
33 🇲🇾Malaysia Asia Pacific 11 Transitional ±0.00
34 🇲🇽Mexico Americas 11 Transitional ±0.00
35 🇸🇦Saudi Arabia Middle East 11 Transitional ±0.00
36 🇹🇷Türkiye Middle East 11 Transitional ±0.00
37 🇨🇱Chile Americas 10 Transitional ±0.43
38 🇨🇿Czechia Europe 10 Transitional ±0.43
39 🇭🇺Hungary Europe 10 Transitional ±0.00
40 🇮🇸Iceland Europe 10 Transitional ±0.71
41 🇱🇻Latvia Europe 10 Transitional ±0.50
42 🇱🇹Lithuania Europe 10 Transitional ±0.43
43 🇳🇬Nigeria Africa 10 Transitional ±0.50
44 🇿🇦South Africa Africa 10 Transitional ±0.43
45 🇹🇭Thailand Asia Pacific 10 Transitional ±0.00
46 🇦🇷Argentina Americas 9 Transitional ±0.83
47 🇨🇴Colombia Americas 9 Transitional ±0.50
48 🇪🇬Egypt Africa 9 Transitional ±0.00
49 🇬🇷Greece Europe 9 Transitional ±0.00
50 🇰🇪Kenya Africa 9 Transitional ±0.00
51 🇷🇴Romania Europe 9 Transitional ±0.00
52 🇸🇮Slovenia Europe 9 Transitional ±0.43
53 🇻🇳Vietnam Asia Pacific 9 Transitional ±0.00
54 🇧🇬Bulgaria Europe 8 Foundational ±0.50
55 🇵🇭Philippines Asia Pacific 8 Foundational ±0.00
56 🇷🇺Russia Europe 8 Foundational ±0.43
57 🇸🇰Slovakia Europe 8 Foundational ±0.00
58 🇺🇾Uruguay Americas 8 Foundational ±0.71
59 🇭🇷Croatia Europe 7 Foundational ±0.43
60 🇨🇾Cyprus Middle East 7 Foundational ±0.00
61 🇯🇴Jordan Middle East 7 Foundational ±0.43
62 🇲🇹Malta Europe 7 Foundational ±0.43
63 🇲🇺Mauritius Africa 7 Foundational ±0.43
64 🇲🇦Morocco Africa 7 Foundational ±0.43
65 🇵🇪Peru Americas 7 Foundational ±0.43
66 🇶🇦Qatar Middle East 7 Foundational ±0.71
67 🇷🇸Serbia Europe 7 Foundational ±0.43
68 🇹🇳Tunisia Africa 7 Foundational ±0.50
69 🇺🇦Ukraine Europe 7 Foundational ±0.00
70 🇦🇲Armenia Middle East 6 Foundational ±0.00
71 🇧🇭Bahrain Middle East 6 Foundational ±0.43
72 🇧🇩Bangladesh Asia Pacific 6 Foundational ±0.50
73 🇨🇷Costa Rica Americas 6 Foundational ±0.43
74 🇬🇪Georgia Middle East 6 Foundational ±0.43
75 🇬🇭Ghana Africa 6 Foundational ±0.00
76 🇮🇷Iran Asia Pacific 6 Foundational ±0.43
77 🇰🇿Kazakhstan Asia Pacific 6 Foundational ±0.00
78 🇴🇲Oman Middle East 6 Foundational ±0.43
79 🇵🇰Pakistan Asia Pacific 6 Foundational ±0.00
80 🇵🇦Panama Americas 6 Foundational ±0.43
81 🇸🇳Senegal Africa 6 Foundational ±0.43
82 🇨🇮Côte d'Ivoire Africa 5 Nascent ±0.00
83 🇩🇴Dominican Republic Americas 5 Nascent ±0.00
84 🇰🇼Kuwait Middle East 5 Nascent ±0.43
85 🇷🇼Rwanda Africa 5 Nascent ±0.00
86 🇱🇰Sri Lanka Asia Pacific 5 Nascent ±0.43
87 🇺🇬Uganda Africa 5 Nascent ±0.50
88 🇦🇿Azerbaijan Middle East 4 Nascent ±0.43
89 🇧🇾Belarus Europe 4 Nascent ±0.43
90 🇧🇼Botswana Africa 4 Nascent ±0.00
91 🇰🇭Cambodia Asia Pacific 4 Nascent ±0.00
92 🇪🇨Ecuador Americas 4 Nascent ±0.43
93 🇪🇹Ethiopia Africa 4 Nascent ±0.00
94 🇬🇹Guatemala Americas 4 Nascent ±0.43
95 🇯🇲Jamaica Americas 4 Nascent ±0.00
96 🇱🇧Lebanon Middle East 4 Nascent ±0.83
97 🇱🇮Liechtenstein Europe 4 Nascent ±0.43
98 🇲🇨Monaco Europe 4 Nascent ±0.43
99 🇲🇰North Macedonia Europe 4 Nascent ±0.00
100 🇵🇸Palestine Middle East 4 Nascent ±0.00
101 🇵🇾Paraguay Americas 4 Nascent ±0.50
102 🇹🇿Tanzania Africa 4 Nascent ±0.43
103 🇹🇹Trinidad & Tobago Americas 4 Nascent ±0.83
104 🇺🇿Uzbekistan Asia Pacific 4 Nascent ±0.00
105 🇦🇱Albania Europe 3 Nascent ±0.00
106 🇩🇿Algeria Africa 3 Nascent ±0.43
107 🇦🇴Angola Africa 3 Nascent ±0.43
108 🇧🇧Barbados Americas 3 Nascent ±0.50
109 🇧🇦Bosnia & Herzegovina Europe 3 Nascent ±0.00
110 🇨🇲Cameroon Africa 3 Nascent ±0.00
111 🇸🇻El Salvador Americas 3 Nascent ±0.00
112 🇭🇳Honduras Americas 3 Nascent ±0.00
113 🇮🇶Iraq Middle East 3 Nascent ±0.50
114 🇽🇰Kosovo Europe 3 Nascent ±0.00
115 🇰🇬Kyrgyzstan Asia Pacific 3 Nascent ±0.43
116 🇲🇩Moldova Europe 3 Nascent ±0.43
117 🇲🇳Mongolia Asia Pacific 3 Nascent ±0.00
118 🇲🇪Montenegro Europe 3 Nascent ±0.00
119 🇳🇦Namibia Africa 3 Nascent ±0.00
120 🇳🇵Nepal Asia Pacific 3 Nascent ±0.00
121 🇿🇲Zambia Africa 3 Nascent ±0.00
122 🇿🇼Zimbabwe Africa 3 Nascent ±0.43
123 🇦🇩Andorra Europe 2 Inception ±0.00
124 🇦🇬Antigua & Barbuda Americas 2 Inception ±0.50
125 🇧🇸Bahamas Americas 2 Inception ±0.43
126 🇧🇯Benin Africa 2 Inception ±0.00
127 🇧🇴Bolivia Americas 2 Inception ±0.43
128 🇧🇳Brunei Asia Pacific 2 Inception ±0.00
129 🇧🇫Burkina Faso Africa 2 Inception ±0.00
130 🇨🇻Cabo Verde Africa 2 Inception ±0.00
131 🇨🇩DR Congo Africa 2 Inception ±0.00
132 🇸🇿Eswatini Africa 2 Inception ±0.00
133 🇫🇯Fiji Asia Pacific 2 Inception ±0.00
134 🇬🇦Gabon Africa 2 Inception ±0.00
135 🇬🇲Gambia Africa 2 Inception ±0.50
136 🇬🇾Guyana Americas 2 Inception ±0.00
137 🇱🇦Laos Asia Pacific 2 Inception ±0.00
138 🇲🇬Madagascar Africa 2 Inception ±0.00
139 🇲🇼Malawi Africa 2 Inception ±0.00
140 🇲🇻Maldives Asia Pacific 2 Inception ±0.00
141 🇲🇿Mozambique Africa 2 Inception ±0.00
142 🇳🇮Nicaragua Americas 2 Inception ±0.00
143 🇸🇨Seychelles Africa 2 Inception ±0.43
144 🇹🇬Togo Africa 2 Inception ±0.00
145 🇧🇿Belize Americas 1 Inception ±0.00
146 🇧🇹Bhutan Asia Pacific 1 Inception ±0.00
147 🇧🇮Burundi Africa 1 Inception ±0.00
148 🇹🇩Chad Africa 1 Inception ±0.00
149 🇰🇲Comoros Africa 1 Inception ±0.00
150 🇨🇬Congo Africa 1 Inception ±0.00
151 🇨🇺Cuba Americas 1 Inception ±0.43
152 🇩🇯Djibouti Africa 1 Inception ±0.00
153 🇩🇲Dominica Americas 1 Inception ±0.00
154 🇬🇶Equatorial Guinea Africa 1 Inception ±0.00
155 🇬🇩Grenada Americas 1 Inception ±0.00
156 🇬🇳Guinea Africa 1 Inception ±0.00
157 🇭🇹Haiti Americas 1 Inception ±0.50
158 🇱🇸Lesotho Africa 1 Inception ±0.00
159 🇱🇷Liberia Africa 1 Inception ±0.00
160 🇱🇾Libya Africa 1 Inception ±0.43
161 🇲🇱Mali Africa 1 Inception ±0.00
162 🇲🇷Mauritania Africa 1 Inception ±0.00
163 🇲🇲Myanmar Asia Pacific 1 Inception ±0.43
164 🇳🇪Niger Africa 1 Inception ±0.00
165 🇵🇼Palau Asia Pacific 1 Inception ±0.50
166 🇵🇬Papua New Guinea Asia Pacific 1 Inception ±0.43
167 🇰🇳Saint Kitts & Nevis Americas 1 Inception ±0.00
168 🇱🇨Saint Lucia Americas 1 Inception ±0.00
169 🇻🇨Saint Vincent & Grenadines Americas 1 Inception ±0.00
170 🇼🇸Samoa Asia Pacific 1 Inception ±0.00
171 🇸🇲San Marino Europe 1 Inception ±0.00
172 🇸🇹São Tomé & Príncipe Africa 1 Inception ±0.43
173 🇸🇱Sierra Leone Africa 1 Inception ±0.00
174 🇸🇧Solomon Islands Asia Pacific 1 Inception ±0.00
175 🇸🇴Somalia Africa 1 Inception ±0.43
176 🇸🇩Sudan Africa 1 Inception ±0.43
177 🇸🇷Suriname Americas 1 Inception ±0.00
178 🇹🇯Tajikistan Asia Pacific 1 Inception ±0.43
179 🇹🇱Timor-Leste Asia Pacific 1 Inception ±0.43
180 🇹🇴Tonga Asia Pacific 1 Inception ±0.00
181 🇹🇲Turkmenistan Asia Pacific 1 Inception ±0.43
182 🇻🇺Vanuatu Asia Pacific 1 Inception ±0.00
183 🇻🇪Venezuela Americas 1 Inception ±0.43
184 🇦🇫Afghanistan Asia Pacific 0 Inception ±0.00
185 🇨🇫Central African Rep. Africa 0 Inception ±0.00
186 🇪🇷Eritrea Africa 0 Inception ±0.00
187 🇬🇼Guinea-Bissau Africa 0 Inception ±0.00
188 🇻🇦Holy See Europe 0 Inception ±0.00
189 🇰🇮Kiribati Asia Pacific 0 Inception ±0.00
190 🇲🇭Marshall Islands Asia Pacific 0 Inception ±0.00
191 🇫🇲Micronesia Asia Pacific 0 Inception ±0.00
192 🇳🇷Nauru Asia Pacific 0 Inception ±0.00
193 🇰🇵North Korea Asia Pacific 0 Inception ±0.00
194 🇸🇸South Sudan Africa 0 Inception ±0.00
195 🇸🇾Syria Middle East 0 Inception ±0.00
196 🇹🇻Tuvalu Asia Pacific 0 Inception ±0.43
197 🇾🇪Yemen Middle East 0 Inception ±0.00

Others in Business Dynamism & Entrepreneurship

CapabilityWorld meanRangeLeader
Entrepreneurship & Firm Creation8.20–19United States
Firm Growth, Exit & Renewal7.20–19United States
Competition & Market Contestability7.20–18United States