The data for 2023 reveals that the Czech Republic leads with 57 young high growth enterprises (gazelles) in employment services, followed by Portugal with 36 and Hungary with 32. Notably, these countries exhibit substantial year-on-year growth rates, particularly Portugal at 11.38% and the Czech Republic at 10.25%. Conversely, Romania experienced a decline of 6.73%, while Slovakia's growth remained stagnant. Over the past five years, the cumulative average growth rate (CAGR) shows dynamic expansion in countries like Italy and Latvia, indicating a broader upward trend across the sector.
Future trends to watch:
- Increased digitalization of employment services could enhance gazelle growth across Europe.
- Potential economic fluctuations and policy changes could impact investment and growth rates in these enterprises.
- Countries currently exhibiting robust growth may continue to outpace others, setting new benchmarks for development in the sector.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Employment Services by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 57 | 2023 | +16.33% | +10.25% | View data |
| 2 | 2 Portugal | 36 | 2023 | +16.13% | +11.38% | View data |
| 3 | 3 Hungary | 32 | 2023 | +18.52% | +8.79% | View data |
| 4 | 4 Lithuania | 16 | 2023 | +14.29% | +7.78% | View data |
| 5 | 5 Romania | 12 | 2023 | +20% | -6.73% | View data |
| 6 | 6 Norway | 11 | 2023 | +10% | +9.46% | View data |
| 7 | 7 Slovakia | 8 | 2023 | 0% | 0% | View data |
| 8 | 8 Italy | 7 | 2023 | 0% | +6.96% | View data |
| 9 | 9 Latvia | 4 | 2023 | +33.33% | +5.92% | View data |
