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BEST COUNTRIES FOR STARTUPS: BASED ON QUANTITY SCORE
This year’s Global Startup Ecosystem Index has ranked the best startup ecosystems based on a total score. This total score is composed of three components: Quantity (how much activity), Quality (the results of this activity), and Business Environment score (the startup-related infrastructure). Today we are diving into what rankings would look like if we considered only the Quantity score:
The United States and the United Kingdom are ranked first and second by Quantity score, with a noticeable gap between them. Canada and Israel exchanged their places in Quantity, showing that the Canadian ecosystem logs more activity than Israel, but does not match up on Quality.
The same can be said for Switzerland, Ranked 5th on Quantity, with a substantial gap from its overall rankings at 12th.
Two additional countries that perform better on their Quantity score (activity level) than their overall rankings are Australia (ranked 6th on quantity and 8th overall), and Spain, which registers a massive gap between its Quantity (6th) and overall rankings (16th).
On the flip side, both Germany and Sweden in the top 10 have reduced Quantity scores compared to their overall ranking, showing the Quality of the results of those ecosystems compared to a lower level of activity.
A few reverse examples of countries with relatively low Quantity scores compared to their overall score can be seen in Singapore (ranked 15th compared to 7th overall), China (ranked 29th compared to 10th overall), and South Korea (ranked 34th compared to 21st overall).
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