Lebanon Ranked 63rd out of 137 Countries in the Global Entrepreneurship Index 

The Global Entrepreneurship Index (GEI), released by the Global Entrepreneurship and Development Institute (GEDI), is an annual index that measures the health of the entrepreneurship ecosystems in 137 countries. The index is divided into 14 pillars including start-up skills, opportunity perception, internationalization, and networking.

As such, Lebanon ranked 63^rd out of 137 countries in the GEI for 2016-2017, as compared to the 50^th rank a year earlier. With a score of 29 out of 100, Lebanon ranked 10^th of 15 in the MENA region, with Israel claiming the first place, followed by the United Arab Emirates, Qatar and Saudi Arabia. On a different note, Lebanon’s strongest area among the pillars was Start-up skills, while its weakest area was risk acceptance. Moreover, according to the report, if Lebanon were to improve the conditions for entrepreneurship by 10%, this could be translated by an additional $13B to the economy.

Ranks of MENA countries in Global Entrepreneurship Index for 2016-2017

Source: GEDI