The global business services sector has shown significant variation among countries, with the United States leading at 39.62 thousand units in 2023, followed by Japan and Germany with 14.42 and 9.13 thousand units respectively. The top countries also include the United Kingdom, South Korea, and Spain. Key year-on-year growth rates from 2023 indicate Ireland (1.99%), Luxembourg (1.92%), and Hungary (1.55%) as some of the fastest-growing markets.
Future trends to watch for include:
- Continued dominance and growth of the United States in business services.
- Emerging markets showing high growth potential like Ireland, Luxembourg, and Hungary.
- Potential for expansion in smaller European markets that are currently showing robust growth rates.
- Monitoring South Korea and other Asian markets for sustained or accelerated growth due to their recent trends.
Top countries in Number of Employees in Business Services Share by Country (Thousand Units (Persons))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 39.62 | 2023 | +0.94% | +1.02% | View data |
| 2 | 2 Japan | 14.42 | 2023 | +0.63% | +0.64% | View data |
| 3 | 3 Germany | 9.13 | 2023 | +0.95% | +0.96% | View data |
| 4 | 4 United Kingdom | 7.85 | 2023 | +0.96% | +0.97% | View data |
| 5 | 5 South Korea | 4.63 | 2023 | +1.27% | +1.51% | View data |
| 6 | 6 Spain | 4.12 | 2023 | +1.2% | +1.13% | View data |
| 7 | 7 Italy | 4.11 | 2023 | +1.32% | +1.36% | View data |
| 8 | 8 Poland | 2.54 | 2023 | +1.26% | +1.41% | View data |
| 9 | 9 Netherlands | 2.2 | 2023 | +1.05% | +0.91% | View data |
| 10 | 10 Chile | 1.13 | 2023 | +0.3% | +0.23% | View data |
