Global Entrepreneurship Index by GEDI
The 2018 Global Entrepreneurship Index by the Global Entrepreneurship & Development Institute (GEDI) is an annual index that measures the quality and the scale of the entrepreneurial process in 137 countries worldwide and captures the strength and weakness of the entrepreneurial ecosystem. It then ranks the performance of these against each other. This provides a picture of how each country performs in both domestic and international context.
The GEI is composed of three building blocks or sub-indices that stand on 14 pillars. Called the 3As the sub-indices are Entrepreneurial Attitudes with the pillars of opportunity Perception, Startup Skills, Risk Acceptance, Networking and Cultural Support; Entrepreneurial Abilities with the pillars of Opportunity Startup, Technology Absorption, Human Capital and Competition; and Entrepreneurial Aspirations with the pillars of Product Innovation, Process Innovation, High Growth, Internationalization and Risk Capital. Unlike other indices that incorporate only institutional or individual variables, the pillars of the GEI include both.
Top 5 Countries
1. United States
4. United Kingdom
UAE in focus (2018)
The UAE is ranked 26th globally and third in MENA region. The UAE has world-leading scores (full score) in Networking and product innovation. Biggest jumps in scores were in 4 pillars; Networking (+0.31), Product innovation (+0.17), Process innovation (+0.17) and Internationalization (+0.32). UAE scores in most of the pillars reflects its financial wealth and its high-quality human capital.
UAE’s ranking in each pillar