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Exploring the Global Entrepreneurship Index by Country

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Enterprise is very important for the economic growth of a nation. Enterprises not only lead to innovation and productivity growth but also add more jobs to the economy. Thus the growth of entrepreneurship is vital to reduce unemployment. To measure the health of the entrepreneurship ecosystems among the nations, the Global Entrepreneurship and Development Institute regularly publishes the Global Entrepreneurship Index. Countries that have the right policies and infrastructure that supports entrepreneurship have done well on the index and are placed at the top. Some of the criteria of the GEI scores are skills in the fields of start-ups, quality of education, perceptions on entrepreneurship in the society among others.

According to the 2016 Global Entrepreneurship Index, the United States is the best performing nation. Ranked first the nation had a score of 86.2. Coming at the second spot was Canada with a score of 79.5, while Australia ranked third and had a score of 78. Other nations which had scores between 60 and 80 were the United Kingdom, Switzerland, Germany, Singapore, Belgium, the United Arab Emirates and some other countries.

Countries which had scores between 40 and 60 were Israel, Qatar, Japan, Portugal, Turkey, Spain, Hungary, Poland and others. Russia, Algeria, Iran, Venezuela, Indonesia, Jordan, Thailand, India, China, and some others had scores between 20 and 40. Meanwhile, countries standing at the bottom of the table with scores less than 20 were Rwanda, Ethiopia, Liberia, Benin, Bangladesh, Mali, Chad etc.

The table below provides information on the Global Entrepreneurship Index score of each nation.

 

Country GEI Score
United States 86.2
Canada 79.5
Australia 78
Denmark 76
Sweden 75.9
Taiwan 69.7
Iceland 68.9
Switzerland 67.8
United Kingdom 67.7
France 66.4
Singapore 66
Ireland 65.6
Netherlands 65.4
Germany 64.6
Austria 62.9
Chile 62.1
Belgium 62.1
Finland 61.8
United Arab Emirates 61.4
Norway 61.1
Israel 57.4
Estonia 57.3
Luxembourg 57.2
Qatar 56.7
Lithuania 54.8
Latvia 53.5
Korea 53.4
Turkey 52.7
Bahrain 52.4
Japan 50.6
Slovenia 50.4
Spain 50.2
Portugal 50
Poland 49.3
Puerto Rico 48.1
Saudi Arabia 47.8
Slovakia 46.4
Oman 45.9
Kuwait 45.6
Hong Kong 45.4
Hungary 45.1
Romania 44.9
Colombia 44.8
Czech Republic 44.2
Greece 42.1
Bulgaria 41.6
Uruguay 41.3
Italy 41.1
Cyprus 41
Lebanon 39.9
Croatia 39.9
South Africa 38.5
Barbados 38.5
Montenegro 37.5
Brunei Darussalam 37.3
Malaysia 37
Macedonia 36.6
Costa Rica 36.2
Kazakhstan 35.4
China 34.9
Argentina 34.8
Tunisia 34.4
Ukraine 33.5
Jordan 33.5
Thailand 33.4
Botswana 33.1
Panama 32.4
Russia 32.2
Bolivia 32.1
Peru 32
Dominican Republic 31.7
Moldova 31.3
Namibia 31.3
Serbia 30.9
Algeria 30.5
Albania 30
Belize 29.8
Morocco 29.5
Libya 28.9
Iran 28.8
Georgia 28.7
Bosnia and Herzegovina 28.6
Trinidad & Tobago 28.2
Vietnam 28.2
Nigeria 28.1
Gabon 27.8
Mexico 27.6
Ecuador 27.4
Egypt 27.3
Jamaica 27.3
Philippines 27
Brazil 26.1
Paraguay 26
Lao PDR 25.9
Swaziland 25.8
El Salvador 25.6
Sri Lanka 25.5
India 24.9
Ghana 24.5
Venezuela 24.1
Cambodia 23
Zambia 22.8
Indonesia 22.8
Kenya 22.1
Honduras 21.9
Senegal 21.7
Guatemala 21.1
Guyana 19.8
Pakistan 19.8
Nicaragua 19.4
Suriname 19.3
Angola 18.6
Rwanda 18.3
Ethiopia 17.6
Cameroon 17.6
Mozambique 17.6
Myanmar 17.5
Gambia, The 17.4
Liberia 17.3
Côte d’Ivoire 17
Tanzania 16.8
Mali 16.6
Uganda 15.8
Benin 15.8
Bangladesh 15.2
Burkina Faso 15.1
Madagascar 14.6
Sierra Leone 14.3
Mauritania 13.2
Malawi 12.4
Burundi 11.9
Chad 9.9

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