Germany ranks #16 on the Global Entrepreneurship and Development Index (GEDI) rankings. Just ahead of Puerto Rico and behind Singapore.
The strength of the German economy lies on the entrepreneurial aspirations sub-index. We define entrepreneurial aspirations as the efforts of early stage entrepreneurs to introduce new products and services, develop new production processes, penetrate foreign markets, hire employees, and finance new growth through formal or informal venture capital. (To read about the GEDI index and the 31 variables, that comprise it click here).
Germany does not score as well on our other two sub-indexes, entrepreneurial attitudes and entrepreneurial activities. In fact, entrepreneurial attitudes is Germany’s weakest sub-index with a ranking of 24, right behind France.
Your can read more about GEDI from our partners at The Imperial College Business School.