European Number of Young High Growth Enterprises (Gazelles) in Office Administrative, Office Support and Other Business Support Activities by Country

In 2023, Italy led with 104 young high growth enterprises in office administrative and support activities, showing a growth of 9.19% from the previous year. Hungary and Slovakia saw substantial increases, at 21.67% and 13.75% respectively. Romania maintained stability, while Portugal's number slightly decreased by 5.22%. The Czech Republic increased by 10.76%, and Lithuania saw a notable 35.1% rise. Latvia and Norway remained constant and decreased by 12.94% respectively. Looking at historical data, Italy consistently contributes a significant number of these enterprises, while Hungary and Slovakia demonstrate promising trends.

Future trends to watch include:

• An increase in digital transformation across Europe, positively impacting the growth of gazelles in this sector.
• Policy changes and economic conditions in Eastern Europe could further stimulate enterprise growth in Hungary and Slovakia.
• Technology adoption and innovation, particularly in administrative efficiencies, could pave the way for more gazelles across these regions.