In 2023, Hungary led with 37 young high-growth enterprises in architectural, engineering, technical testing, and analysis services, showing a significant year-on-year growth of 29.91%. The Czech Republic followed with a robust increase of 36.85% from the previous year. Both Romania and Slovakia experienced substantial growths of 28.47% and 35.1% respectively. Meanwhile, Italy, Lithuania, and Portugal saw declines, notably -5.59% and -8.64% for Italy and Lithuania. Norway and Latvia maintained stable figures with no growth.
Future trends to watch include:
- A continued focus on technological integration may drive further growth in Hungary and the Czech Republic.
- Potential policy shifts in the EU could impact the dynamics in Italy, Lithuania, and Portugal.
- Exploration of new markets and increasing demand for sustainable solutions might open opportunities across Eastern Europe.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Architectural, Engineering, Technical Testing and Analysis Services by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 37 | 2023 | +19.35% | +29.91% | View data |
| 2 | 2 Czech Republic | 24 | 2023 | +14.29% | +36.85% | View data |
| 3 | 3 Romania | 14 | 2023 | +16.67% | +28.47% | View data |
| 4 | 4 Italy | 9 | 2023 | 0% | -5.59% | View data |
| 5 | 5 Slovakia | 9 | 2023 | +12.5% | +35.1% | View data |
| 6 | 6 Portugal | 9 | 2023 | +12.5% | +5.15% | View data |
| 7 | 7 Lithuania | 7 | 2023 | 0% | -8.64% | View data |
| 8 | 8 Norway | 5 | 2023 | 0% | 0% | View data |
| 9 | 9 Latvia | 1 | 2023 | 0% | View data |
