In 2023, Hungary led European high-growth enterprises in accounting, bookkeeping, auditing services, and tax consultancy, holding a 36.76% share. Italy and the Czech Republic followed with 17.31% and 12.76%, respectively. Notably, Hungary displayed a substantial 28.83% growth from the previous year. Lithuania and Iceland also showed noteworthy increases at 9.1% and 14.87%, respectively. In contrast, Latvia's share remained stagnant.
Future trends to watch include:
- Continued expansion in Hungary as a dominant player given its strong growth momentum.
- Potential growth opportunities in the Baltic States, particularly Lithuania, driven by economic policies favoring enterprise development.
- Growing digital transformation and automation impacting service efficiency and enterprise growth within the sector across Europe.
Top countries in Number of High Growth Enterprises in Accounting, Bookkeeping and Auditing Services, Tax Consultancy Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 36.76 | 2023 | +18.29% | +28.83% | View data |
| 2 | 2 Italy | 17.31 | 2023 | +3.01% | +4.87% | View data |
| 3 | 3 Czech Republic | 12.76 | 2023 | +4.12% | +4% | View data |
| 4 | 4 Lithuania | 10.74 | 2023 | +14.86% | +9.1% | View data |
| 5 | 5 Portugal | 9.73 | 2023 | +6.94% | +5.65% | View data |
| 6 | 6 Romania | 4.04 | 2023 | +10.34% | +6.83% | View data |
| 7 | 7 Slovakia | 3.54 | 2023 | +7.69% | +1.49% | View data |
| 8 | 8 Norway | 2.53 | 2023 | +5.26% | +3.3% | View data |
| 9 | 9 Latvia | 1.26 | 2023 | -9.09% | 0% | View data |
| 10 | 10 Iceland | 0.76 | 2023 | +20% | +14.87% | View data |
