Statement:
In Serbia, startup ecosystem seems to be less developed than in Estonia

In the Startup Ecosystem Index rating Serbia holds position #52 ²⁰²² out of 99 and Estonia is #13 out of 99 ²⁰²².
Position of Serbia is worse than position of Estonia.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

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

   Estonia	'Total Score' value is	18.243
   Serbia	'Total Score' value is	4.289