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Dublin: 13 °C Wednesday 27 May, 2020

We're the best: Ireland is the most entrepreneurial country in Europe

And we place 7th out of 28 countries surveyed around the world, too.

Image: Shutterstock

A REPORT BY Oracle Capital Group shows that Ireland is the seventh most entrepreneurial country in the world, and the top in Europe.

India came top in the survey of 33 major industrial nations, with the UK some distance behind Ireland in 28th position.

The report measures opinions, attitudes, experiences and acitivities that contribute to entrepreneurial activity.

Ireland and India are joined in the top ten by Turkey, the US, Brazil, China, Iceland, Russia, Estonia and Austria.

By way of contrast, the bottom ten countries feature several European industrial powerhouses, including Germany, France and the UK. Japan comes dead last, with Hungary, Italy, Portugal and Spain also in the bottom ten.

Ireland’s top scores came in metrics measure the image of entrepreneurs, or how well they are received, with high scores for prior experience and for early stage business activity.

The chairman of Oracle, which provides services to family funds and high net worth individuals, said that the results are a strong indicator of ongoing market development in different regions of the world.

Martin Graham pointed out that many emerging economies like Brazil and Turkey had scored well, alongside more mature economies like Ireland.

He said: “The report is a valuable insight into the significance of entrepreneurial contribution to the growth of national economies and underscores the importance of businesses receiving support at government levels.”

Read: Here’s how many companies were started every day last month>

Read: Seventh heaven: Irish angel investors turn 700% profit>

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About the author:

Jack Horgan-Jones

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