Economy, Domestic Economy

Iran's GEI Ranking Improves

Iran's GEI Ranking ImprovesIran's GEI Ranking Improves

Iran ranks 72nd among 137 countries in the 2018 Global Entrepreneurship Index report, carried out by the Global Entrepreneurship and Development Institute, which shows a 13-notch improvement compared to last year.

The country also ranks 11th among 15 countries located in the Middle East and North Africa region.

“Iran’s score in the entrepreneurship ecosystem has improved from 22.1 in last year’s report to 27 [26.8] this year,” IRNA quoted Parisa Riahi, an official with the Ministry of Cooperatives, Labor and Social Welfare, as saying.

GEI is an annual measure of the health of entrepreneurship ecosystems in the 137 countries it reviews, ranking their performance against each other. This provides a picture of how each country performs in both domestic and international context.

The institute collects data on entrepreneurial attitudes, abilities and aspirations of the local population and then weighs these against the prevailing social and economic infrastructure, which includes broadband connectivity and transport links to external markets. It creates 14 pillars that the institute uses to measure the health of the regional ecosystem.

The United States, Switzerland, Canada, the UK, Australia, Sweden, France, Denmark, Iceland and Ireland were the 10 best-scoring countries in the 2018 Global Entrepreneurship Index in a descending order.


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