The 2023 analysis of young high-growth enterprises in the accounting and consultancy sector reveals notable dynamics in Europe. Hungary led significantly with an impressive number of enterprises, backed by a 56.87% growth from the prior year. Italy showed a strong 16.27% increase, while Lithuania and Portugal experienced fluctuations, the former seeing a decline and the latter a notable increase. Slovakia and Latvia also saw upward trends, whereas Norway and the Czech Republic remained stable without growth.
Looking towards the future, key trends to watch include the potential further expansion of these enterprises in Hungary and Italy, while Lithuania may need to address challenges to reverse its decline. The stable markets in Norway and the Czech Republic offer opportunities for resurgence with strategic interventions. The evolving regulatory environment and technological advancements will likely shape the landscape of these sectors across Europe.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Accounting, Bookkeeping and Auditing Services, Tax Consultancy Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 57.25 | 2023 | +11.76% | +56.87% | View data |
| 2 | 2 Italy | 25.61 | 2023 | +13.33% | +16.27% | View data |
| 3 | 3 Lithuania | 6.03 | 2023 | 0% | -5.43% | View data |
| 4 | 4 Portugal | 6.03 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Slovakia | 4.52 | 2023 | 0% | +8.45% | View data |
| 6 | 6 Latvia | 3.01 | 2023 | +100% | +14.87% | View data |
| 7 | 7 Norway | 1.51 | 2023 | 0% | 0% | View data |
| 8 | 8 Czech Republic | 1.51 | 2023 | 0% | 0% | View data |
