The European share of young high growth enterprises (Gazelles) in the sector of accounting, bookkeeping, auditing services, and tax consultancy in 2023 displays notable disparities among countries. Hungary leads with a significant 17.51%, followed by Lithuania at 5.25%. Latvia and Slovakia have comparatively lower shares at 2.15% and 2.02%, respectively. Southern European countries, such as Italy and Portugal, record even lesser shares, at 0.93% and 0.75%. The Czech Republic and Norway represent the lowest figures with 0.24% and 0.21%, pointing to minimal high-growth activity in these sectors.
Future trends to watch for suggest a potential increase in Gazelle activity in countries with currently lower rates, influenced by digital transformation and regulatory changes. Furthermore, Hungary's leading position may drive neighboring countries to adopt similar growth strategies. Continued innovation and investment in fintech solutions across Europe may also uplift growth rates in traditionally conservative sectors.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Accounting, Bookkeeping and Auditing Services, Tax Consultancy by Country
| # | 8 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 17.51 | 2023 | View data |
| 2 | 2 Lithuania | 5.25 | 2023 | View data |
| 3 | 3 Latvia | 2.15 | 2023 | View data |
| 4 | 4 Slovakia | 2.02 | 2023 | View data |
| 5 | 5 Italy | 0.93 | 2023 | View data |
| 6 | 6 Portugal | 0.75 | 2023 | View data |
| 7 | 7 Czech Republic | 0.24 | 2023 | View data |
| 8 | 8 Norway | 0.21 | 2023 | View data |
