The European high growth enterprises in financial services and insurance show Italy as a dominant player with a significant share, followed by the Czech Republic and Hungary. Notable year-on-year growth includes Romania's 11.03% rise, Lithuania's 6.03%, and the Czech Republic's 4.71%. Conversely, Latvia saw a decrease of 2.33% in 2023. Over the last five years, the compound annual growth rate emphasizes Romania's rising status and continuous growth for other countries, despite some countries like Latvia facing challenges.
Looking to the future, focus on digital transformation and regulatory changes will likely spur further growth in high-growth enterprises within this sector, especially for emerging markets such as Romania and Lithuania. Observing how countries leverage technology and adapt to evolving market conditions will be crucial for forecasting long-term trends.
Top countries in Number of High Growth Enterprises in Financial Services and Insurance Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 51.82 | 2023 | -1.25% | +1.09% | View data |
| 2 | 2 Czech Republic | 15.42 | 2023 | +2.17% | +4.71% | View data |
| 3 | 3 Hungary | 12.14 | 2023 | +2.78% | +1.12% | View data |
| 4 | 4 Romania | 11.81 | 2023 | +27.06% | +11.03% | View data |
| 5 | 5 Portugal | 8.75 | 2023 | -2.44% | +0.25% | View data |
| 6 | 6 Lithuania | 6.89 | 2023 | +16.67% | +6.03% | View data |
| 7 | 7 Latvia | 2.62 | 2023 | 0% | -2.33% | View data |
| 8 | 8 Slovakia | 1.64 | 2023 | 0% | +4.56% | View data |
| 9 | 9 Iceland | 0.87 | 2023 | +14.29% | 0% | View data |
