European Number of Young High Growth Enterprises (Gazelles) in Office Administrative, Office Support and Other Business Support Activities Share by Country (Units (Enterprises))

In 2023, Italy led European gazelles in office administrative and business support activities with 44.48 enterprises, representing a significant focus in the sector. Hungary and Slovakia shared second place with 17.11. Romania followed with 7.7, then Portugal, Czech Republic, and Lithuania at 5.56, 4.28, and 3.85, respectively. Latvia and Norway were minimal contributors with 0.43 each. Italy saw a 9.19% increase, while Hungary experienced a 21.67% surge. Slovakia grew 13.75%, and Lithuania showed remarkable 35.1% growth. Portugal and Norway witnessed a decline, at -5.22% and -12.94% respectively.

Future trends to watch include:

• The resilience of Italy in maintaining its leadership position among European gazelles, despite fluctuating economic conditions.
• The potential for Hungary and Slovakia to continue growing rapidly, driven by strong entrepreneurial ecosystems.
• The impact of technological advancement and digital transformation on the sector across different European countries, particularly in emerging markets such as Romania and Lithuania.
• Issues such as regulatory changes, talent acquisition, and access to capital will be crucial for sustaining growth momentum across Europe.