Sweden’s entrepreneurial ecosystem is the fourth best in the world, and Denmark’s is fifth scoring top on opportunity for startups, technology absorption, product innovation, human capital and risk capital, according to the 2017 Global Entrepreneurship Index.

Sweden is no. 4 in the world and no. 1 in the EU on the 2017 Global Entrepreneurship Index, scoring 137 countries on 14 pillars of a healthy entrepreneurship ecosystem.

Other Nordic countries were also ranked in high positions: just behind Sweden, ranked at 5. position is Denmark, Iceland at 6th, Finland on 11th and Norway is on 22nd.

The 2017 Global Entrepreneurship Index measures a country’s entrepreneurial ecosystem by combining individual data such as startup skills, risk acceptance and opportunity recognition with institutional measures, including urbanisation, education and economic freedom.

These measurements help distinguish self-employment and replicative entrepreneurship from the innovative, productive and rapidly growing entrepreneurial ventures that drive real economic growth.

The top ten countries for 2017 are:

1.       United States
2.       Switzerland
3.       Canada
4.       Sweden
5.       Denmark
6.       Iceland
7.       Australia
8.       United Kingdom
9.       Ireland
10.   Netherlands

The GEDI Institute

The GEDI Institute is a research organisation that advances knowledge on links between entrepreneurship, economic development and prosperity. The flagship project of the Institute is the Global Entrepreneurship Index, a breakthrough advance in measuring the quality and dynamics of entrepreneurship ecosystems at a national and regional level.

Access the 2017 Global Entrepreneurship Index  here: thegedi.org

Source and graphics: thegedi.org