In 2023, France led European production volumes for Legal, Accounting, and Management consultancy activities at 31.31 million euros, followed by Germany at 28.5 million euros. Italy and the Netherlands were almost on par with outputs of 12.25 and 12.05 million euros respectively. In contrast, Slovenia and Estonia had the smallest volumes, reporting 0.29 and 0.13 million euros. The year-on-year growth for 2023 showed France and Belgium showcasing notable increases at 2.39% and 2.18%, respectively, while Greece faced a slight decrease at -0.069%.
Future trends to watch include:
- Digital transformation in consultancy and accounting, potentially boosting production across tech-savvy nations such as Germany and the Netherlands.
- Increasing compliance and regulatory requirements in the EU, likely raising demand for legal services, impacting countries like Belgium and France.
- Consolidation in management consulting sectors, affecting medium-sized markets such as Austria and Luxembourg.
- Varying economic performances that could change the focus and allocations in head office and professional services activities across Europe.
Top countries in Production Volumes of Legal and Accounting Activities; Activities of Head Offices; Management Consultancy Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 31.31 | 2023 | +2.1% | +2.39% | View data |
| 2 | 2 Germany | 28.5 | 2023 | +1.49% | +2.1% | View data |
| 3 | 3 Italy | 12.25 | 2023 | +0.53% | +0.23% | View data |
| 4 | 4 Netherlands | 12.05 | 2023 | +1.88% | +1.65% | View data |
| 5 | 5 Belgium | 9.68 | 2023 | +1.9% | +2.18% | View data |
| 6 | 6 Austria | 2.72 | 2023 | +1.78% | +1.91% | View data |
| 7 | 7 Luxembourg | 1.33 | 2023 | +3.64% | +4.03% | View data |
| 8 | 8 Finland | 1.07 | 2023 | +2.27% | +2.22% | View data |
| 9 | 9 Greece | 0.67 | 2023 | -0.36% | -0.069% | View data |
| 10 | 10 Slovenia | 0.29 | 2023 | +2.43% | +2.42% | View data |
