In 2023, Hungary and Slovakia led in the number of young high-growth enterprises in retail not in stores, stalls, or markets with 17 gazelles each. Hungary experienced a significant surge with a year-on-year increase of 76.23%. Slovakia's enterprises grew by 19.42%, while the Czech Republic and Romania showed modest gains of around 3%. Italy and Lithuania also saw minimal growth. Stagnation was observed in Norway, while Portugal's numbers declined by 7.79%.
Future trends to watch for include:
- Continued growth potential in Hungary and Slovakia, given their 2023 performance.
- Focus on digital transformation and e-commerce innovations to maintain competitive edge in this retail segment.
- Possible recovery and growth initiatives in Portugal to reverse the declining trend.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Retail Not in Stores, Stalls or Markets by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 17 | 2023 | +13.33% | +76.23% | View data |
| 2 | 2 Slovakia | 17 | 2023 | +13.33% | +19.42% | View data |
| 3 | 3 Czech Republic | 12 | 2023 | +20% | +3.71% | View data |
| 4 | 4 Romania | 7 | 2023 | +16.67% | +3.13% | View data |
| 5 | 5 Italy | 6 | 2023 | 0% | +3.71% | View data |
| 6 | 6 Lithuania | 5 | 2023 | 0% | +10.76% | View data |
| 7 | 7 Norway | 1 | 2023 | 0% | 0% | View data |
| 8 | 8 Portugal | 1 | 2023 | 0% | -7.79% | View data |
