The data reveals that Hungary leads with the highest share of young high-growth enterprises in the accommodation and food services sector at 11.61%, followed by Lithuania with 8.38%. Portugal, Romania, and the Czech Republic exhibit moderate values ranging from 4.57% to 2.92%. Slovakia, Italy, and Latvia have noticeably lower shares between 2.56% and 1.28%, while Norway has the smallest share at 0.24%. The year-on-year changes and the compound annual growth rate for the last five years are nil, indicating stable trends in these countries.
Looking ahead, focus will likely be on emerging countries with low shares, like Norway, which may explore strategies to stimulate growth in the gazelle population. Monitoring the impact of economic policies, technological advancements, and consumer behavior shifts will be essential for understanding future changes in this sector across Europe.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Accommodation and Food Services by Country
| # | 9 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 11.61 | 2023 | View data |
| 2 | 2 Lithuania | 8.38 | 2023 | View data |
| 3 | 3 Portugal | 4.57 | 2023 | View data |
| 4 | 4 Romania | 3.05 | 2023 | View data |
| 5 | 5 Czech Republic | 2.92 | 2023 | View data |
| 6 | 6 Slovakia | 2.56 | 2023 | View data |
| 7 | 7 Italy | 1.44 | 2023 | View data |
| 8 | 8 Latvia | 1.28 | 2023 | View data |
| 9 | 9 Norway | 0.24 | 2023 | View data |
