In 2023, Hungary leads with 291 high-growth enterprises in accounting and related services, followed by Italy and the Czech Republic with 137 and 101 enterprises respectively. Lithuania and Portugal show moderate growth with 85 and 77 enterprises. Romania, Slovakia, and Norway each host fewer than 35 high-growth enterprises. Latvia and Iceland have the smallest presence, with only 10 and 6 enterprises. Year-on-year growth from 2023 highlights robust increases in Hungary (28.83%), Lithuania (9.1%), and Iceland (14.87%). Italy, Portugal, and Romania show moderate increases, reflecting a steady upward trend.
Future trends to watch include continued growth in Central and Eastern Europe, driven by tech innovation and regulatory reforms. Southern European countries may see accelerated growth with strategic tax reforms and digital transformation. As enterprises adapt to AI and automation, shifts in service delivery and client engagement are expected across Europe, possibly altering the competitive landscape.
Top countries in Number of High Growth Enterprises in Accounting, Bookkeeping and Auditing Services, Tax Consultancy by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 291 | 2023 | +18.29% | +28.83% | View data |
| 2 | 2 Italy | 137 | 2023 | +3.01% | +4.87% | View data |
| 3 | 3 Czech Republic | 101 | 2023 | +4.12% | +4% | View data |
| 4 | 4 Lithuania | 85 | 2023 | +14.86% | +9.1% | View data |
| 5 | 5 Portugal | 77 | 2023 | +6.94% | +5.65% | View data |
| 6 | 6 Romania | 32 | 2023 | +10.34% | +6.83% | View data |
| 7 | 7 Slovakia | 28 | 2023 | +7.69% | +1.49% | View data |
| 8 | 8 Norway | 20 | 2023 | +5.26% | +3.3% | View data |
| 9 | 9 Latvia | 10 | 2023 | -9.09% | 0% | View data |
| 10 | 10 Iceland | 6 | 2023 | +20% | +14.87% | View data |
