VC funding across emerging markets

VC funding per capita versus GDP per capita (US$)

2020 GDP 2020, 2021* VC funding. *For a 12-month period from October/November 2020, or calendar year 2021, except a few African countries, which are Jan-Nov annualised
Chart: Rahul Shah, Rohit Kumar, and Rabail Adwani Source: World Bank, IMF, Crunchbase, thebigdeal, KTrade, Magnitt, Tellimer Rearch