In 2023, the Czech Republic led with 14 young high-growth enterprises in employment placement agencies, followed by Italy with 10. Notable growth was observed in Italy with a 58.49% increase, while countries like Slovakia, Lithuania, and Latvia showed stagnation. Romania experienced a decline at -12.94%. The Czech Republic also showed a moderate growth of 6.96%. The compound annual growth rate over the last five years indicates stable development in this sector, especially in countries like Italy and Portugal, which displayed upward trends in recent years.
Future trends to watch include the potential for growth in untapped markets like Hungary and Lithuania, as well as continued expansion in well-established markets such as the Czech Republic and Italy. Efforts to modernize and digitize employment services could drive further growth in this sector across Europe.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Employment Placement Agencies by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 14 | 2023 | +16.67% | +6.96% | View data |
| 2 | 2 Italy | 10 | 2023 | +25% | +58.49% | View data |
| 3 | 3 Slovakia | 7 | 2023 | +16.67% | 0% | View data |
| 4 | 4 Portugal | 6 | 2023 | +20% | +14.87% | View data |
| 5 | 5 Hungary | 4 | 2023 | +33.33% | +14.87% | View data |
| 6 | 6 Lithuania | 4 | 2023 | +33.33% | 0% | View data |
| 7 | 7 Latvia | 2 | 2023 | 0% | 0% | View data |
| 8 | 8 Romania | 1 | 2023 | 0% | -12.94% | View data |
