In 2023, Hungary led European nations with the highest share of high-growth enterprises in mining and quarrying at 34.57%, marking a significant increase of 47.44% year-on-year. Italy and Portugal held substantial shares of 17.53% and 14.39% respectively, with Italy experiencing a 9.94% increase from the previous year, while Portugal saw a rise of 6.5%. Romania also demonstrated a remarkable uptrend with a 41.21% increase. On the contrary, Slovakia faced a decline of 22.6%, while Norway saw a modest decrease of 4.62%. Other countries exhibited minimal or no change in their shares.
Looking forward, potential trends to watch include Hungary's continued dominance and whether its growth rate can be sustained. Italy and Portugal's growth trajectory should also be monitored for signs of acceleration or stabilization. Romania's sharp increase suggests robust momentum, which if maintained, could lead it to emerge as a key player. Macro-economic factors, regulatory changes, and technological advancements will likely influence the future landscape for high-growth enterprises in this sector across Europe.
Top countries in Number of High Growth Enterprises in Mining and Quarrying Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 34.57 | 2023 | +34.84% | +47.44% | View data |
| 2 | 2 Italy | 17.53 | 2023 | +10.42% | +9.94% | View data |
| 3 | 3 Portugal | 14.39 | 2023 | +14.47% | +6.5% | View data |
| 4 | 4 Romania | 12.08 | 2023 | +12.31% | +41.21% | View data |
| 5 | 5 Czech Republic | 4.8 | 2023 | +11.54% | +6.67% | View data |
| 6 | 6 Lithuania | 4.3 | 2023 | +13.04% | 0% | View data |
| 7 | 7 Norway | 2.48 | 2023 | 0% | -4.62% | View data |
| 8 | 8 Latvia | 0.83 | 2023 | -16.67% | View data | |
| 9 | 9 Slovakia | 0.83 | 2023 | -16.67% | -22.6% | View data |
| 10 | 10 Iceland | 0.5 | 2023 | 0% | 0% | View data |
