In 2023, Hungary led with 62.44% in the share of high growth enterprises in non-specialised store retail, substantially outpacing other European countries. Lithuania followed far behind with 24.25%, while the Czech Republic and Latvia posted just above 18-19%. Iceland, Romania, and Italy remained close, yet under 15%. Norway experienced a minimal share at 2.67%. Recent years showed little to no significant year-on-year changes, reflecting stabilization. The overall compound annual growth rate (CAGR) over the past five years was negligible.
Future trends to watch involve monitoring Hungary's potential continued dominance and examining whether slow-growing countries can significantly innovate to drive higher growth rates, especially under the evolving European retail landscape.
Top countries in Share of High Growth Enterprises in the Population of Active Enterprises in Non-Specialised Stores Retail by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 62.44 | 2023 | View data |
| 2 | 2 Lithuania | 24.25 | 2023 | View data |
| 3 | 3 Czech Republic | 19.34 | 2023 | View data |
| 4 | 4 Latvia | 18.54 | 2023 | View data |
| 5 | 5 Slovakia | 15.58 | 2023 | View data |
| 6 | 6 Italy | 14.02 | 2023 | View data |
| 7 | 7 Portugal | 13.56 | 2023 | View data |
| 8 | 8 Iceland | 12.82 | 2023 | View data |
| 9 | 9 Romania | 12.56 | 2023 | View data |
| 10 | 10 Norway | 2.67 | 2023 | View data |
