FX.co ★ 8 most suitable countries for unicorn startups

China

China has 206 unicorn startups which are more than in any other country. China is considered the world's largest producer of most of the industrial products. Unicorn startups thrive in China mostly due to free economic zones. Overall, there are four free economic zones in China: Shenzhen, Zhuhai, Shantou, and Xiamen. Additionally, there are also 14 duty-free trade territories, 53 high-tech territorial entities, including the analog of "Silicon Valley", and 38 export processing zones.

US

The United States is also a place with favorable conditions for unicorn startups. There are 203 of such companies in the US which is the world's first economy in terms of nominal GDP. Rich Americans own about 40% of the world's wealth. The country is a leader in key socio-economic indicators such as average wages, human development index (HDI), GDP per capita, and labor productivity. The service sector, the economy of knowledge, and high competitiveness are the main features of the US economy.

India

India is ranked third among countries with a greater number of unicorn startups. At the moment, there are 21 of them in India. The country is far behind the leaders in this field, e.g. the United States and China, but ahead of many other countries. Over the past 20 years, the Indian economy has been booming, but its development was rather uneven: rural and urban areas recorded different rates of growth. India is now considered an outsourcing territory for a number of multinational corporations and a popular destination for medical tourism. The country is also an exporter of software, financial, and technology services.

UK

Britain has 13 unicorn startups that harmoniously blend in with the local economy. The UK has a partially regulated market economy. The services sector is a key sector of its economy which accounts for about 75% of GDP. London is recognized as one of the three leading centers of the world economy on a par with New York.

Germany

Germany is also home to many unicorn startups. There are 7 such companies in the country. Germany is considered a world leader in a number of industrial and technological sectors. The country has a very high standard of living. The German economy has a well-developed infrastructure and a highly-skilled workforce. The government supports and implements the idea of an open market. In the past 10 years, Germany has significantly increased its value in the world market.

Israel

Israel has the same number of unicorn startups as Germany. Israel's economy is technologically advanced but largely state-controlled. Experts consider Israel a leader in economic and industrial development among the countries of South-West Asia. There are many high-tech centers in the country, including IBM, Microsoft, Oracle, Dell, Google, Cisco Systems, and Motorola. Israel takes interest in advanced technologies in software and natural sciences.

South Korea

This Asian country has 6 unicorn startups. Experts assume that their number will grow in the future. South Korea is an economically developed country with a high level of per capita income. The production of consumer goods such as electronics, textiles, and cars are the backbone of the South Korean economy. Heavy industry branches such as shipbuilding and steel production are also well-developed in the country. South Korea is one of the main exporters of these products.

France

This economically developed European country is home for 4 unicorn startups. According to analysts, the number of startups in France will increase. France is one of the leaders in the world in terms of industrial production. Economists think that the French economy is gaining steam. In addition, being a country with a strong economy, France has a great influence on the international arena.