In 2023, Hungary led the European Management Consultancy Services Turnover Index with a value of 32.45, followed by Estonia at 26.8 and Luxembourg at 22.22. Countries like Germany and Italy showed modest growth, with values of 15.38 and 11.53, respectively. Malta displayed the lowest index at 7.05. The year-on-year variation for 2022 reveals dynamic growth, especially in Lithuania (13.43%), Hungary (13.76%), and Romania (12.87%), while Bulgaria and Malta experienced declines. Over the past five years, countries like Hungary, Luxembourg, and Lithuania have shown significant growth, maintaining robust average annual increases.
Looking forward, European countries might experience shifts in demand for consultancy services due to digital transformation, regulatory changes, and geopolitical developments. The increasing need for sustainability and technology integration in various industries may also drive demand. Watch for growth in countries fostering innovation and adapting to new business ecosystems.
Top countries in Management Consultancy Services Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 324.5 | 2022 | +40.72% | +13.76% | View data |
| 2 | 2 Estonia | 268 | 2022 | View data | ||
| 3 | 3 Luxembourg | 222.2 | 2022 | +19.27% | +12.41% | View data |
| 4 | 4 Slovakia | 217 | 2022 | +8.99% | +8.37% | View data |
| 5 | 5 Serbia | 214.5 | 2022 | +33.15% | +12.36% | View data |
| 6 | 6 Romania | 212.3 | 2022 | +22.08% | +12.87% | View data |
| 7 | 7 Slovenia | 209 | 2022 | +3.98% | +6.59% | View data |
| 8 | 8 Latvia | 205.6 | 2022 | +23.71% | +11.03% | View data |
| 9 | 9 Lithuania | 202.2 | 2022 | +12.46% | +13.43% | View data |
| 10 | 10 Finland | 192.8 | 2022 | +15.38% | +9.53% | View data |
