As of 2023, Hungary holds the leading position in the share of young high growth enterprises (gazelles) in the population of active enterprises in the cultural and recreational goods retail sector, standing at 9.69%. Slovakia follows with a proportion of 4.07%, while the Czech Republic, Portugal, and Romania possess 3.06%, 2.06%, and 1.69%, respectively. Italy trails with 0.67%. Over recent years, Hungary's high percentage reflects a strong entrepreneurial environment, whereas Italy indicates a relatively stagnant growth pattern in nurturing dynamic enterprises within this sector.
Future trends to watch for include:
- Potential shifts in market dynamics fostering the growth of gazelles in traditionally slower-growing countries like Italy and Romania.
- Impact of technological advancements and digitalization in culturally rich sectors, potentially accelerating enterprise growth across Europe.
- Regulatory and funding frameworks in the European Union that may positively influence gazelles' evolution in the cultural and recreational goods retail space.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Cultural and Recreational Goods Retail in Specialised Stores by Country
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 9.69 | 2023 | View data |
| 2 | 2 Slovakia | 4.07 | 2023 | View data |
| 3 | 3 Czech Republic | 3.06 | 2023 | View data |
| 4 | 4 Portugal | 2.06 | 2023 | View data |
| 5 | 5 Romania | 1.69 | 2023 | View data |
| 6 | 6 Italy | 0.67 | 2023 | View data |
