🌍 What Is the Global Entrepreneurship Index (GEI)?

The Global Entrepreneurship Index (GEI) is a comprehensive measure that evaluates the entrepreneurial capacity of countries. Developed by researchers from institutions like Imperial College London and George Mason University, the GEI assesses over 130 nations based on factors such as:

• 💡 Opportunity recognition

• 🛠️ Startup skills

• ⚖️ Risk acceptance

• 🏙️ Urbanization

• 🎓 Education

• 🏛️ Economic freedom

These indicators collectively reflect a country’s entrepreneurial environment and its potential for fostering innovation and business growth.

📊 2022 GEI Rankings for Selected Countries

As of the latest available data:

• 🇺🇸 United States – Ranked 1st with a score of 83.4.
  The U.S. leads globally, benefiting from a dynamic startup ecosystem, access to venture capital, and a culture that encourages innovation.

• 🇰🇷 South Korea – Ranked 5th.
  South Korea excels in technological innovation and infrastructure, contributing to its strong entrepreneurial performance.

• 🇦🇺 Australia – Ranked 8th.
  Australia maintains a favorable business climate, with robust support for innovation and a skilled workforce.

• 🇳🇴 Norway – Ranked 10th.
  Norway offers a supportive environment for startups, with emphasis on sustainability and social entrepreneurship.

• 🇮🇳 India – Ranked 69th.
  India has shown significant improvement, moving up 29 spots from the previous year. Government initiatives and a growing tech ecosystem are contributing to this positive trend.