Statement:
In Indonesia, startup ecosystem seems to be more developed than in Serbia

In the Startup Ecosystem Index rating Indonesia holds position #38 ²⁰²² out of 99 and Serbia is #52 out of 99 ²⁰²².
Position of Indonesia is better than position of Serbia.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Indonesia	'Total Score' value is	5.586
   Serbia	'Total Score' value is	4.289