In 2023, Hungary led European countries with a significant share of high-growth enterprises in cultural and recreational goods retail, standing at 72.21%. Other notable figures include the Czech Republic at 34.4%, Slovakia at 30.96%, and Iceland at 30.67%. The forecast for 2024 maintains these positions, indicating stable trends with a year-on-year variation that remains unchanged. Despite nil variation over the past two years, the five-year compound annual growth rate suggests consistent growth, especially for Hungary.
Future trends to watch include potential increases in digital and experiential retailing within this sector, impacting the share of high-growth enterprises as they adopt new technologies and approaches to capture consumer interest and increase market differentiation.
Top countries in Share of High Growth Enterprises in the Population of Active Enterprises in Cultural and Recreational Goods Retail in Specialised Stores by Country
| # | 9 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 72.21 | 2023 | View data |
| 2 | 2 Czech Republic | 34.4 | 2023 | View data |
| 3 | 3 Slovakia | 30.96 | 2023 | View data |
| 4 | 4 Iceland | 30.67 | 2023 | View data |
| 5 | 5 Lithuania | 28.11 | 2023 | View data |
| 6 | 6 Portugal | 14.29 | 2023 | View data |
| 7 | 7 Italy | 12.42 | 2023 | View data |
| 8 | 8 Romania | 10.3 | 2023 | View data |
| 9 | 9 Norway | 6.91 | 2023 | View data |
