In 2023, the Czech Republic led with 31 high-growth gazelle enterprises in the temporary employment agency sector, followed by Portugal with 26 and Hungary with 20. Notable growth leaders are Slovakia with a significant year-on-year increase of 24.57% and Norway at 17.08%. Italy remained stagnant, while Romania experienced a decline of 3.04% in this sector. Over the recent five-year period, the CAGR highlights consistent moderate growth, with exceptions in countries like Slovakia and Norway, showing potential for more robust expansion.
Future trends to watch include:
- Potential for growth in Slovakia and Norway due to current rapid increases.
- The impact of economic and regulatory changes across Europe, which may influence the growth dynamics in this sector.
- Technological advancements and their effect on the operational efficiencies of temporary employment agencies.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Temporary Employment Agency Services by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 31 | 2023 | +10.71% | +9.16% | View data |
| 2 | 2 Portugal | 26 | 2023 | +13.04% | +13.18% | View data |
| 3 | 3 Hungary | 20 | 2023 | +11.11% | +5.92% | View data |
| 4 | 4 Romania | 12 | 2023 | +20% | -3.04% | View data |
| 5 | 5 Norway | 11 | 2023 | +22.22% | +17.08% | View data |
| 6 | 6 Lithuania | 5 | 2023 | 0% | +5.74% | View data |
| 7 | 7 Italy | 4 | 2023 | 0% | 0% | View data |
| 8 | 8 Slovakia | 3 | 2023 | 0% | +24.57% | View data |
