Best first on Business Dynamism & Entrepreneurship. The group score is the unweighted mean of the capability integers beside it.
| # | Nation | Region | Business Dynamism & Entrepreneurship | Entrepreneurship & Firm Creation | Risk Capital & Scale-Up Finance | Firm Growth, Exit & Renewal | Competition & Market Contestability |
|---|---|---|---|---|---|---|---|
| 1 | 🇺🇸United States | Americas | 19.0Frontier | 19 | 20 | 19 | 18 |
| 2 | 🇸🇬Singapore | Asia Pacific | 17.3Advanced | 18 | 17 | 17 | 17 |
| 3 | 🇬🇧United Kingdom | Europe | 17.0Advanced | 17 | 17 | 17 | 17 |
| 4 | 🇮🇱Israel | Middle East | 16.8Advanced | 18 | 19 | 16 | 14 |
| 5 | 🇸🇪Sweden | Europe | 16.5Advanced | 17 | 16 | 16 | 17 |
| 6 | 🇳🇱Netherlands | Europe | 16.3Advanced | 16 | 16 | 17 | 16 |
| 7 | 🇩🇪Germany | Europe | 16.0Advanced | 15 | 16 | 16 | 17 |
| 8 | 🇦🇺Australia | Asia Pacific | 15.8Advanced | 16 | 15 | 16 | 16 |
| 9 | 🇨🇦Canada | Americas | 15.8Advanced | 16 | 15 | 16 | 16 |
| 10 | 🇩🇰Denmark | Europe | 15.8Advanced | 16 | 15 | 16 | 16 |
| 11 | 🇫🇮Finland | Europe | 15.8Advanced | 16 | 15 | 16 | 16 |
| 12 | 🇰🇷South Korea | Asia Pacific | 15.8Advanced | 16 | 16 | 15 | 16 |
| 13 | 🇨🇭Switzerland | Europe | 15.8Advanced | 16 | 16 | 15 | 16 |
| 14 | 🇫🇷France | Europe | 15.5Advanced | 15 | 16 | 15 | 16 |
| 15 | 🇪🇪Estonia | Europe | 14.8Established | 16 | 14 | 14 | 15 |
| 16 | 🇮🇪Ireland | Europe | 14.8Established | 15 | 14 | 15 | 15 |
| 17 | 🇹🇼Taiwan | Asia Pacific | 14.8Established | 15 | 14 | 15 | 15 |
| 18 | 🇯🇵Japan | Asia Pacific | 14.5Established | 13 | 14 | 15 | 16 |
| 19 | 🇳🇿New Zealand | Asia Pacific | 14.5Established | 16 | 12 | 15 | 15 |
| 20 | 🇳🇴Norway | Europe | 14.5Established | 15 | 13 | 15 | 15 |
| 21 | 🇦🇹Austria | Europe | 14.3Established | 14 | 13 | 15 | 15 |
| 22 | 🇧🇪Belgium | Europe | 14.0Established | 14 | 13 | 14 | 15 |
| 23 | 🇨🇳China | Asia Pacific | 13.8Established | 14 | 17 | 13 | 11 |
| 24 | 🇪🇸Spain | Europe | 13.0Established | 13 | 12 | 13 | 14 |
| 25 | 🇱🇺Luxembourg | Europe | 12.8Established | 14 | 11 | 13 | 13 |
| 26 | 🇵🇱Poland | Europe | 12.8Established | 13 | 12 | 13 | 13 |
| 27 | 🇦🇪United Arab Emirates | Middle East | 12.8Established | 15 | 13 | 13 | 10 |
| 28 | 🇮🇸Iceland | Europe | 12.5Established | 14 | 10 | 13 | 13 |
| 29 | 🇮🇳India | Asia Pacific | 12.5Established | 12 | 15 | 12 | 11 |
| 30 | 🇱🇹Lithuania | Europe | 12.5Established | 14 | 10 | 13 | 13 |
| 31 | 🇵🇹Portugal | Europe | 12.5Established | 13 | 12 | 12 | 13 |
| 32 | 🇲🇾Malaysia | Asia Pacific | 12.3Established | 13 | 11 | 13 | 12 |
| 33 | 🇨🇱Chile | Americas | 12.0Established | 13 | 10 | 11 | 14 |
| 34 | 🇨🇿Czechia | Europe | 12.0Established | 13 | 10 | 12 | 13 |
| 35 | 🇮🇹Italy | Europe | 12.0Established | 12 | 11 | 12 | 13 |
| 36 | 🇱🇻Latvia | Europe | 12.0Established | 13 | 10 | 12 | 13 |
| 37 | 🇧🇷Brazil | Americas | 11.5Transitional | 11 | 12 | 10 | 13 |
| 38 | 🇸🇮Slovenia | Europe | 11.5Transitional | 12 | 9 | 12 | 13 |
| 39 | 🇹🇷Türkiye | Middle East | 11.5Transitional | 13 | 11 | 11 | 11 |
| 40 | 🇭🇺Hungary | Europe | 11.0Transitional | 12 | 10 | 11 | 11 |
| 41 | 🇲🇽Mexico | Americas | 11.0Transitional | 11 | 11 | 11 | 11 |
| 42 | 🇷🇴Romania | Europe | 11.0Transitional | 12 | 9 | 11 | 12 |
| 43 | 🇸🇦Saudi Arabia | Middle East | 11.0Transitional | 12 | 11 | 11 | 10 |
| 44 | 🇸🇰Slovakia | Europe | 11.0Transitional | 12 | 8 | 12 | 12 |
| 45 | 🇿🇦South Africa | Africa | 11.0Transitional | 11 | 10 | 10 | 13 |
| 46 | 🇲🇹Malta | Europe | 10.8Transitional | 13 | 7 | 11 | 12 |
| 47 | 🇲🇺Mauritius | Africa | 10.8Transitional | 13 | 7 | 11 | 12 |
| 48 | 🇹🇭Thailand | Asia Pacific | 10.8Transitional | 12 | 10 | 11 | 10 |
| 49 | 🇮🇩Indonesia | Asia Pacific | 10.5Transitional | 11 | 11 | 10 | 10 |
| 50 | 🇺🇾Uruguay | Americas | 10.3Transitional | 12 | 8 | 10 | 11 |
| 51 | 🇨🇴Colombia | Americas | 10.0Transitional | 11 | 9 | 9 | 11 |
| 52 | 🇨🇾Cyprus | Middle East | 10.0Transitional | 12 | 7 | 10 | 11 |
| 53 | 🇬🇷Greece | Europe | 10.0Transitional | 11 | 9 | 9 | 11 |
| 54 | 🇱🇮Liechtenstein | Europe | 10.0Transitional | 13 | 4 | 12 | 11 |
| 55 | 🇻🇳Vietnam | Asia Pacific | 10.0Transitional | 12 | 9 | 10 | 9 |
| 56 | 🇭🇷Croatia | Europe | 9.8Transitional | 11 | 7 | 10 | 11 |
| 57 | 🇬🇪Georgia | Middle East | 9.5Transitional | 12 | 6 | 10 | 10 |
| 58 | 🇧🇬Bulgaria | Europe | 9.3Transitional | 10 | 8 | 9 | 10 |
| 59 | 🇨🇷Costa Rica | Americas | 9.3Transitional | 11 | 6 | 9 | 11 |
| 60 | 🇷🇸Serbia | Europe | 9.3Transitional | 11 | 7 | 9 | 10 |
| 61 | 🇰🇪Kenya | Africa | 9.0Transitional | 10 | 9 | 8 | 9 |
| 62 | 🇦🇷Argentina | Americas | 8.8Foundational | 9 | 9 | 8 | 9 |
| 63 | 🇳🇬Nigeria | Africa | 8.8Foundational | 9 | 10 | 8 | 8 |
| 64 | 🇵🇪Peru | Americas | 8.8Foundational | 9 | 7 | 9 | 10 |
| 65 | 🇵🇭Philippines | Asia Pacific | 8.8Foundational | 9 | 8 | 9 | 9 |
| 66 | 🇲🇦Morocco | Africa | 8.5Foundational | 9 | 7 | 9 | 9 |
| 67 | 🇵🇦Panama | Americas | 8.5Foundational | 10 | 6 | 9 | 9 |
| 68 | 🇺🇦Ukraine | Europe | 8.5Foundational | 10 | 7 | 8 | 9 |
| 69 | 🇪🇬Egypt | Africa | 8.3Foundational | 8 | 9 | 8 | 8 |
| 70 | 🇶🇦Qatar | Middle East | 8.3Foundational | 10 | 7 | 9 | 7 |
| 71 | 🇷🇺Russia | Europe | 8.3Foundational | 9 | 8 | 9 | 7 |
| 72 | 🇹🇳Tunisia | Africa | 8.3Foundational | 9 | 7 | 8 | 9 |
| 73 | 🇦🇲Armenia | Middle East | 8.0Foundational | 10 | 6 | 8 | 8 |
| 74 | 🇰🇿Kazakhstan | Asia Pacific | 8.0Foundational | 10 | 6 | 8 | 8 |
| 75 | 🇧🇭Bahrain | Middle East | 7.5Foundational | 10 | 6 | 8 | 6 |
| 76 | 🇩🇴Dominican Republic | Americas | 7.5Foundational | 9 | 5 | 8 | 8 |
| 77 | 🇲🇨Monaco | Europe | 7.5Foundational | 12 | 4 | 8 | 6 |
| 78 | 🇲🇰North Macedonia | Europe | 7.5Foundational | 10 | 4 | 8 | 8 |
| 79 | 🇴🇲Oman | Middle East | 7.5Foundational | 9 | 6 | 8 | 7 |
| 80 | 🇬🇭Ghana | Africa | 7.3Foundational | 9 | 6 | 7 | 7 |
| 81 | 🇯🇴Jordan | Middle East | 7.3Foundational | 8 | 7 | 7 | 7 |
| 82 | 🇧🇼Botswana | Africa | 7.0Foundational | 8 | 4 | 7 | 9 |
| 83 | 🇲🇪Montenegro | Europe | 7.0Foundational | 10 | 3 | 7 | 8 |
| 84 | 🇷🇼Rwanda | Africa | 7.0Foundational | 9 | 5 | 7 | 7 |
| 85 | 🇧🇩Bangladesh | Asia Pacific | 6.8Foundational | 8 | 6 | 7 | 6 |
| 86 | 🇲🇩Moldova | Europe | 6.8Foundational | 9 | 3 | 7 | 8 |
| 87 | 🇵🇰Pakistan | Asia Pacific | 6.8Foundational | 7 | 6 | 7 | 7 |
| 88 | 🇹🇹Trinidad & Tobago | Americas | 6.8Foundational | 9 | 4 | 7 | 7 |
| 89 | 🇯🇲Jamaica | Americas | 6.5Foundational | 8 | 4 | 6 | 8 |
| 90 | 🇸🇳Senegal | Africa | 6.5Foundational | 8 | 6 | 6 | 6 |
| 91 | 🇱🇰Sri Lanka | Asia Pacific | 6.5Foundational | 8 | 5 | 7 | 6 |
| 92 | 🇦🇱Albania | Europe | 6.3Foundational | 8 | 3 | 6 | 8 |
| 93 | 🇪🇨Ecuador | Americas | 6.3Foundational | 8 | 4 | 6 | 7 |
| 94 | 🇰🇼Kuwait | Middle East | 6.3Foundational | 8 | 5 | 6 | 6 |
| 95 | 🇳🇦Namibia | Africa | 6.3Foundational | 7 | 3 | 7 | 8 |
| 96 | 🇵🇾Paraguay | Americas | 6.3Foundational | 8 | 4 | 7 | 6 |
| 97 | 🇧🇧Barbados | Americas | 6.0Foundational | 8 | 3 | 6 | 7 |
| 98 | 🇨🇮Côte d'Ivoire | Africa | 6.0Foundational | 7 | 5 | 6 | 6 |
| 99 | 🇲🇳Mongolia | Asia Pacific | 6.0Foundational | 8 | 3 | 6 | 7 |
| 100 | 🇸🇲San Marino | Europe | 6.0Foundational | 10 | 1 | 7 | 6 |
| 101 | 🇹🇿Tanzania | Africa | 6.0Foundational | 7 | 4 | 6 | 7 |
| 102 | 🇺🇬Uganda | Africa | 6.0Foundational | 7 | 5 | 6 | 6 |
| 103 | 🇺🇿Uzbekistan | Asia Pacific | 6.0Foundational | 8 | 4 | 6 | 6 |
| 104 | 🇦🇩Andorra | Europe | 5.8Nascent | 10 | 2 | 6 | 5 |
| 105 | 🇧🇦Bosnia & Herzegovina | Europe | 5.8Nascent | 7 | 3 | 6 | 7 |
| 106 | 🇸🇻El Salvador | Americas | 5.8Nascent | 7 | 3 | 6 | 7 |
| 107 | 🇬🇹Guatemala | Americas | 5.8Nascent | 7 | 4 | 6 | 6 |
| 108 | 🇮🇷Iran | Asia Pacific | 5.8Nascent | 6 | 6 | 6 | 5 |
| 109 | 🇿🇲Zambia | Africa | 5.8Nascent | 7 | 3 | 6 | 7 |
| 110 | 🇦🇿Azerbaijan | Middle East | 5.5Nascent | 7 | 4 | 6 | 5 |
| 111 | 🇽🇰Kosovo | Europe | 5.5Nascent | 7 | 3 | 6 | 6 |
| 112 | 🇸🇨Seychelles | Africa | 5.5Nascent | 8 | 2 | 6 | 6 |
| 113 | 🇧🇸Bahamas | Americas | 5.3Nascent | 8 | 2 | 6 | 5 |
| 114 | 🇪🇹Ethiopia | Africa | 5.3Nascent | 6 | 4 | 5 | 6 |
| 115 | 🇰🇬Kyrgyzstan | Asia Pacific | 5.3Nascent | 7 | 3 | 5 | 6 |
| 116 | 🇨🇻Cabo Verde | Africa | 5.0Nascent | 7 | 2 | 5 | 6 |
| 117 | 🇰🇭Cambodia | Asia Pacific | 5.0Nascent | 7 | 4 | 5 | 4 |
| 118 | 🇭🇳Honduras | Americas | 5.0Nascent | 6 | 3 | 5 | 6 |
| 119 | 🇫🇯Fiji | Asia Pacific | 4.8Nascent | 6 | 2 | 5 | 6 |
| 120 | 🇳🇵Nepal | Asia Pacific | 4.8Nascent | 6 | 3 | 5 | 5 |
| 121 | 🇩🇿Algeria | Africa | 4.5Nascent | 5 | 3 | 5 | 5 |
| 122 | 🇦🇬Antigua & Barbuda | Americas | 4.5Nascent | 7 | 2 | 5 | 4 |
| 123 | 🇧🇾Belarus | Europe | 4.5Nascent | 6 | 4 | 5 | 3 |
| 124 | 🇧🇳Brunei | Asia Pacific | 4.5Nascent | 6 | 2 | 5 | 5 |
| 125 | 🇨🇲Cameroon | Africa | 4.5Nascent | 6 | 3 | 4 | 5 |
| 126 | 🇱🇧Lebanon | Middle East | 4.5Nascent | 6 | 4 | 4 | 4 |
| 127 | 🇲🇻Maldives | Asia Pacific | 4.5Nascent | 7 | 2 | 5 | 4 |
| 128 | 🇿🇼Zimbabwe | Africa | 4.5Nascent | 6 | 3 | 4 | 5 |
| 129 | 🇧🇴Bolivia | Americas | 4.3Nascent | 5 | 2 | 5 | 5 |
| 130 | 🇬🇾Guyana | Americas | 4.3Nascent | 5 | 2 | 5 | 5 |
| 131 | 🇧🇿Belize | Americas | 4.0Nascent | 6 | 1 | 4 | 5 |
| 132 | 🇧🇯Benin | Africa | 4.0Nascent | 5 | 2 | 4 | 5 |
| 133 | 🇸🇿Eswatini | Africa | 4.0Nascent | 5 | 2 | 4 | 5 |
| 134 | 🇬🇲Gambia | Africa | 4.0Nascent | 5 | 2 | 4 | 5 |
| 135 | 🇳🇮Nicaragua | Americas | 4.0Nascent | 5 | 2 | 5 | 4 |
| 136 | 🇵🇸Palestine | Middle East | 4.0Nascent | 5 | 4 | 4 | 3 |
| 137 | 🇹🇬Togo | Africa | 4.0Nascent | 6 | 2 | 4 | 4 |
| 138 | 🇦🇴Angola | Africa | 3.8Nascent | 4 | 3 | 4 | 4 |
| 139 | 🇧🇹Bhutan | Asia Pacific | 3.8Nascent | 5 | 1 | 4 | 5 |
| 140 | 🇩🇲Dominica | Americas | 3.8Nascent | 6 | 1 | 4 | 4 |
| 141 | 🇲🇬Madagascar | Africa | 3.8Nascent | 5 | 2 | 4 | 4 |
| 142 | 🇲🇼Malawi | Africa | 3.8Nascent | 4 | 2 | 4 | 5 |
| 143 | 🇲🇿Mozambique | Africa | 3.8Nascent | 4 | 2 | 4 | 5 |
| 144 | 🇸🇷Suriname | Americas | 3.8Nascent | 5 | 1 | 5 | 4 |
| 145 | 🇬🇦Gabon | Africa | 3.5Nascent | 4 | 2 | 4 | 4 |
| 146 | 🇬🇩Grenada | Americas | 3.5Nascent | 6 | 1 | 4 | 3 |
| 147 | 🇮🇶Iraq | Middle East | 3.5Nascent | 4 | 3 | 4 | 3 |
| 148 | 🇵🇬Papua New Guinea | Asia Pacific | 3.5Nascent | 4 | 1 | 4 | 5 |
| 149 | 🇰🇳Saint Kitts & Nevis | Americas | 3.5Nascent | 6 | 1 | 4 | 3 |
| 150 | 🇱🇨Saint Lucia | Americas | 3.5Nascent | 6 | 1 | 4 | 3 |
| 151 | 🇻🇨Saint Vincent & Grenadines | Americas | 3.5Nascent | 6 | 1 | 4 | 3 |
| 152 | 🇹🇯Tajikistan | Asia Pacific | 3.5Nascent | 5 | 1 | 4 | 4 |
| 153 | 🇧🇫Burkina Faso | Africa | 3.3Nascent | 4 | 2 | 3 | 4 |
| 154 | 🇱🇦Laos | Asia Pacific | 3.3Nascent | 4 | 2 | 4 | 3 |
| 155 | 🇱🇸Lesotho | Africa | 3.3Nascent | 4 | 1 | 4 | 4 |
| 156 | 🇸🇱Sierra Leone | Africa | 3.3Nascent | 5 | 1 | 4 | 3 |
| 157 | 🇲🇱Mali | Africa | 3.0Nascent | 4 | 1 | 3 | 4 |
| 158 | 🇨🇬Congo | Africa | 2.8Inception | 4 | 1 | 3 | 3 |
| 159 | 🇩🇯Djibouti | Africa | 2.8Inception | 4 | 1 | 3 | 3 |
| 160 | 🇬🇳Guinea | Africa | 2.8Inception | 4 | 1 | 3 | 3 |
| 161 | 🇱🇷Liberia | Africa | 2.8Inception | 4 | 1 | 3 | 3 |
| 162 | 🇲🇷Mauritania | Africa | 2.8Inception | 4 | 1 | 3 | 3 |
| 163 | 🇳🇪Niger | Africa | 2.8Inception | 3 | 1 | 3 | 4 |
| 164 | 🇼🇸Samoa | Asia Pacific | 2.8Inception | 4 | 1 | 3 | 3 |
| 165 | 🇸🇹São Tomé & Príncipe | Africa | 2.8Inception | 5 | 1 | 3 | 2 |
| 166 | 🇨🇩DR Congo | Africa | 2.5Inception | 4 | 2 | 2 | 2 |
| 167 | 🇲🇲Myanmar | Asia Pacific | 2.5Inception | 4 | 1 | 3 | 2 |
| 168 | 🇸🇧Solomon Islands | Asia Pacific | 2.5Inception | 4 | 1 | 3 | 2 |
| 169 | 🇹🇱Timor-Leste | Asia Pacific | 2.5Inception | 4 | 1 | 3 | 2 |
| 170 | 🇹🇴Tonga | Asia Pacific | 2.5Inception | 4 | 1 | 3 | 2 |
| 171 | 🇻🇺Vanuatu | Asia Pacific | 2.5Inception | 4 | 1 | 3 | 2 |
| 172 | 🇧🇮Burundi | Africa | 2.3Inception | 4 | 1 | 2 | 2 |
| 173 | 🇰🇲Comoros | Africa | 2.3Inception | 4 | 1 | 2 | 2 |
| 174 | 🇻🇪Venezuela | Americas | 2.3Inception | 3 | 1 | 3 | 2 |
| 175 | 🇹🇩Chad | Africa | 2.0Inception | 3 | 1 | 2 | 2 |
| 176 | 🇨🇺Cuba | Americas | 2.0Inception | 4 | 1 | 2 | 1 |
| 177 | 🇬🇶Equatorial Guinea | Africa | 2.0Inception | 3 | 1 | 3 | 1 |
| 178 | 🇵🇼Palau | Asia Pacific | 2.0Inception | 4 | 1 | 2 | 1 |
| 179 | 🇬🇼Guinea-Bissau | Africa | 1.8Inception | 3 | 0 | 2 | 2 |
| 180 | 🇭🇹Haiti | Americas | 1.8Inception | 2 | 1 | 2 | 2 |
| 181 | 🇱🇾Libya | Africa | 1.8Inception | 3 | 1 | 2 | 1 |
| 182 | 🇹🇲Turkmenistan | Asia Pacific | 1.8Inception | 3 | 1 | 2 | 1 |
| 183 | 🇰🇮Kiribati | Asia Pacific | 1.5Inception | 3 | 0 | 2 | 1 |
| 184 | 🇲🇭Marshall Islands | Asia Pacific | 1.5Inception | 3 | 0 | 2 | 1 |
| 185 | 🇫🇲Micronesia | Asia Pacific | 1.5Inception | 3 | 0 | 2 | 1 |
| 186 | 🇸🇩Sudan | Africa | 1.5Inception | 2 | 1 | 2 | 1 |
| 187 | 🇸🇴Somalia | Africa | 1.3Inception | 2 | 1 | 1 | 1 |
| 188 | 🇹🇻Tuvalu | Asia Pacific | 1.3Inception | 2 | 0 | 2 | 1 |
| 189 | 🇨🇫Central African Rep. | Africa | 1.0Inception | 2 | 0 | 1 | 1 |
| 190 | 🇳🇷Nauru | Asia Pacific | 1.0Inception | 2 | 0 | 1 | 1 |
| 191 | 🇸🇾Syria | Middle East | 1.0Inception | 1 | 0 | 2 | 1 |
| 192 | 🇪🇷Eritrea | Africa | 0.8Inception | 1 | 0 | 1 | 1 |
| 193 | 🇸🇸South Sudan | Africa | 0.8Inception | 1 | 0 | 1 | 1 |
| 194 | 🇾🇪Yemen | Middle East | 0.8Inception | 1 | 0 | 1 | 1 |
| 195 | 🇦🇫Afghanistan | Asia Pacific | 0.5Inception | 1 | 0 | 1 | 0 |
| 196 | 🇰🇵North Korea | Asia Pacific | 0.5Inception | 1 | 0 | 1 | 0 |
| 197 | 🇻🇦Holy See | Europe | 0.0Inception | 0 | 0 | 0 | 0 |