European Office Administrative, Office Support and Other Business Support Activities Turnover Index by Country

The European Office Administrative, Office Support and Other Business Support Activities Turnover Index indicates significant variation by country. In 2023, Bosnia and Herzegovina showed the highest turnover index, signaling a robust sector expansion. Serbia and Lithuania also experienced notable growth, while Italy and Cyprus reflected downturns. Over the past two years, Bosnia and Herzegovina grew by 34.83%, and Romania by 19.7%, indicating strong developments. Meanwhile, Malta and Cyprus experienced declines of -1.31% and -6.96%, respectively, highlighting instability. The last five-year Compound Annual Growth Rate (CAGR) provides insight into long-term trends.

Future trends to monitor include:

• Continued growth in Eastern Europe, with Bosnia and Herzegovina and Serbia leading.
• Potential recovery strategies in Western European countries, especially in Italy and Cyprus, to reverse current downturns.
• Technological advancements reshaping administrative and support services, influencing turnover indices across the region.
• Impact of economic factors like inflation and labor market changes on business support activities.