In 2023, Hungary led in the number of young high-growth enterprises (gazelles) in management consultancy services with 27.28 units, followed closely by Romania at 25.98 units. Slovakia and Italy reported significantly lower figures at 15.59 and 12.34 units respectively. Portugal and the Czech Republic had modest numbers, and Latvia trailed behind with 0.65 units.
Year-on-year variations indicate that Hungary and Romania experienced substantial growth at 30.73% and 27.23% respectively, while Slovakia, Italy, and Portugal grew moderately. The Czech Republic saw minimal growth, and Latvia's growth was stagnant.
Looking forward, European countries may experience varying trends in management consultancy services as industry demand fluctuates. Technological advancements and economic conditions will likely influence growth patterns, with potential for increased competition and opportunities for innovation across the region.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Management Consultancy Services Share by Country (Units (Enterprises))
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 27.28 | 2023 | +10.53% | +30.73% | View data |
| 2 | 2 Romania | 25.98 | 2023 | +33.33% | +27.23% | View data |
| 3 | 3 Slovakia | 15.59 | 2023 | +20% | +13.05% | View data |
| 4 | 4 Italy | 12.34 | 2023 | +5.56% | +16.12% | View data |
| 5 | 5 Portugal | 10.39 | 2023 | +6.67% | +5.06% | View data |
| 6 | 6 Czech Republic | 3.25 | 2023 | +25% | +4.56% | View data |
| 7 | 7 Latvia | 0.65 | 2023 | 0% | View data |
