In 2023, Hungary showcased the highest share of young high-growth enterprises, often called "gazelles," at 5.57% in the non-specialized stores retail sector. Portugal, Italy, and the Czech Republic followed with shares just under 2%. Romania, Slovakia, Lithuania, and Norway ranked lower, with Norway at a mere 0.08%.
Analyzing the historical trend, there have been nil variations in the data, indicating a stagnant growth or decline trend over the past two years. However, the growth rates over the last five years should be assessed using CAGR to understand underlying trends.
Future trends to watch for include:
- Varying economic conditions and entrepreneurship policies, which might influence the growth of gazelles across Europe.
- The potential impacts of technological advancements and digitalization on the retail industry.
- Market entry barriers that newly established gazelle enterprises might encounter.
- Post-pandemic shifts in consumer behavior and spending habits directly affecting the retail sector.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Non-Specialised Stores Retail by Country
| # | 8 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 5.57 | 2023 | View data |
| 2 | 2 Portugal | 1.9 | 2023 | View data |
| 3 | 3 Italy | 1.87 | 2023 | View data |
| 4 | 4 Czech Republic | 1.76 | 2023 | View data |
| 5 | 5 Romania | 1.63 | 2023 | View data |
| 6 | 6 Slovakia | 1.48 | 2023 | View data |
| 7 | 7 Lithuania | 0.39 | 2023 | View data |
| 8 | 8 Norway | 0.08 | 2023 | View data |
