In 2023, Italy leads with the highest share of young high growth enterprises (gazelles) in construction services at 52.77%. Hungary follows at 20.79%, showing a significant upward trend with a 30.77% year-on-year increase. Lithuania and Portugal both register a 5.76% share, with Lithuania experiencing a slight decline of 1.08%. Latvia's share increased markedly by 47.58%, while Romania improved by 7.63%. Other countries like Slovakia, Norway, and Iceland hold smaller shares, with the Czech Republic facing a decline of 12.94%.
Future trends to watch include:
- Potential for Hungary and Latvia to further increase their shares due to recent strong growth.
- Monitoring Italy's dominant position for sustainability and any significant disruptions.
- Emerging markets in Eastern Europe that may experience growth through supportive policies and investments.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Construction Services Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 52.77 | 2023 | +19.57% | +11.67% | View data |
| 2 | 2 Hungary | 20.79 | 2023 | +20.37% | +30.77% | View data |
| 3 | 3 Lithuania | 5.76 | 2023 | +20% | -1.08% | View data |
| 4 | 4 Portugal | 5.76 | 2023 | +12.5% | +4.42% | View data |
| 5 | 5 Romania | 4.16 | 2023 | 0% | +7.63% | View data |
| 6 | 6 Latvia | 2.24 | 2023 | +40% | +47.58% | View data |
| 7 | 7 Slovakia | 1.92 | 2023 | 0% | +3.71% | View data |
| 8 | 8 Norway | 1.6 | 2023 | 0% | +4.56% | View data |
| 9 | 9 Czech Republic | 1.28 | 2023 | -20% | -12.94% | View data |
| 10 | 10 Iceland | 0.32 | 2023 | 0% | 0% | View data |
