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2019 data from *U.S. News & World Report*'s Best Countries ranking shows Indonesia's entrepreneurship dimension ranked 50th out of 80 surveyed countries. In Southeast Asia (ASEAN), Indonesia ranked second to last, tied with the Philippines, out of seven surveyed countries. Indonesia received an entrepreneurship score of 0.7 on a scale of 0-10. A score closer to 0 indicates a weaker entrepreneurship dimension, and vice versa.
Indonesia's low ranking is due to indicators forming the entrepreneurship dimension scoring below 2 on a scale of 0-10. The lowest scores were in the legal framework and educated population indicators, scoring 0.3 and 0.4 respectively. Technological capabilities also hinder Indonesia's improvement in its entrepreneurial climate. Furthermore, adequate infrastructure and access to capital are also concerns, ranking fourth lowest with a score of 0.6.
(See Databoks: 86 Percent of Indonesian SMEs Rely on Internal Funding)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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