The current landscape for European turnover in accounting, bookkeeping, auditing services, and tax consultancy significantly varies by country, with Germany leading at €40.6 billion, closely followed by the UK at €37.95 billion. France, Italy, and the Netherlands make up the top five with sizeable turnover numbers. Year-on-year growth for 2023 highlights notable increases in Ireland, Lithuania, and Malta. Over the past five years, compound annual growth rates reflect steady increases across most countries, with standout growth in the Netherlands, Ireland, and Lithuania, suggesting a robust sector across Europe with diverging growth rates.
Future trends to watch include:
- Continued digital transformation in accounting and auditing practices.
- Potential impacts of regulatory changes across the EU.
- Increasing demand for tax consultancy due to evolving tax laws and international agreements.
- Focus on sustainability reporting and non-financial metrics by companies driving demand for advisory services.
- The impact of Brexit-related adjustments in the UK market.
Top countries in Turnover of Accounting, Bookkeeping and Auditing Services, Tax Consultancy by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40,600 | 2023 | +3.24% | +3.98% | View data |
| 2 | 2 United Kingdom | 37,950 | 2023 | +1.97% | +1.98% | View data |
| 3 | 3 France | 22,210 | 2023 | +2.21% | +2.25% | View data |
| 4 | 4 Italy | 18,420 | 2023 | +0.49% | +0.41% | View data |
| 5 | 5 Netherlands | 13,920 | 2023 | +4.56% | +5.64% | View data |
| 6 | 6 Spain | 10,740 | 2023 | -0.096% | +0.84% | View data |
| 7 | 7 Switzerland | 7,370 | 2023 | +1.62% | +2.27% | View data |
| 8 | 8 Belgium | 5,220 | 2023 | +2.55% | +2.77% | View data |
| 9 | 9 Poland | 5,110 | 2023 | +4.97% | +3.99% | View data |
| 10 | 10 Sweden | 5,050 | 2023 | +2.79% | +3.45% | View data |
