In 2023, Hungary led in the number of young high-growth enterprises (gazelles) in head office services with a notable 17.61% year-on-year increase, resulting in nine enterprises. Italy and Lithuania each recorded a 24.57% and 10.67% increase, tallying six enterprises each. The Czech Republic and Portugal remained less dynamic, each with one enterprise, and their numbers showing no change and a modest 14.87% increase, respectively.
Future trends to watch include:
- Potential growth in Hungary as a leader in this sector.
- Italy and Lithuania may continue their upward trajectories given recent growth rates.
- Monitoring stagnation in the Czech Republic for possible policy changes or interventions.
- Portugal's modest growth could signal upcoming development opportunities.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Head Offices Services by Country
| # | 5 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 9 | 2023 | +28.57% | +17.61% | View data |
| 2 | 2 Italy | 6 | 2023 | 0% | +24.57% | View data |
| 3 | 3 Lithuania | 6 | 2023 | +50% | +10.67% | View data |
| 4 | 4 Czech Republic | 1 | 2023 | 0% | 0% | View data |
| 5 | 5 Portugal | 1 | 2023 | 0% | +14.87% | View data |
