In 2023, Lithuania led with a notable 142.71 share of high growth enterprises in activities auxiliary to financial services and insurance. Hungary and Latvia followed with 50.51 and 48.61, respectively. Further down were Portugal at 40.84, Czech Republic at 35.41, and Iceland at 23.94. Slovakia, Romania, and Italy had shares below 23, with Italy at the lowest in this group at 18.42. Year-on-year variations were negligible, highlighting stability across European countries. Over the last 5 years, the Compound Annual Growth Rate indicates modest but consistent growth in this sector.
Looking forward, significant attention should be given to post-pandemic economic shifts, digital transformation, and regulatory changes shaping the financial services landscape. Countries like Lithuania may continue leading growth unless other countries strategically enhance their competitive advantages in financial and insurance-related services, potentially reshaping the current distribution of high-growth enterprises.
Top countries in Share of High Growth Enterprises in the Population of Active Enterprises in Activities Auxiliary to Financial Services and Insurance Activities by Country
| # | 9 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Lithuania | 142.71 | 2023 | View data |
| 2 | 2 Hungary | 50.51 | 2023 | View data |
| 3 | 3 Latvia | 48.61 | 2023 | View data |
| 4 | 4 Portugal | 40.84 | 2023 | View data |
| 5 | 5 Czech Republic | 35.41 | 2023 | View data |
| 6 | 6 Iceland | 23.94 | 2023 | View data |
| 7 | 7 Slovakia | 22.52 | 2023 | View data |
| 8 | 8 Romania | 18.69 | 2023 | View data |
| 9 | 9 Italy | 18.42 | 2023 | View data |
