In 2023, the Czech Republic led with nine high-growth enterprises in the auxiliary to financial services sector, followed by Romania and Italy. Notably, the Czech Republic experienced a significant year-on-year growth of 35.1%, while Romania grew by 11.84%. Conversely, Italy saw a decrease of 7.79% in young high-growth enterprises.
Countries like Hungary showed positive growth, with a 14.87% increase, while Slovakia, Portugal, and Latvia remained stagnant. Lithuania experienced a decline of 15.91%. The Compound Annual Growth Rate over the past five years suggests varied growth trajectories, with some countries poised for stability or slight increases.
Future trends to watch include:
- Potential growth in Eastern European countries due to evolving regulatory environments and increased investments.
- The impact of digitalization and fintech innovations on high-growth enterprises across Europe.
- Varying national policies that could foster or hinder the growth of these enterprises.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Activities Auxiliary to Financial Services and Insurance Activities by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 9 | 2023 | +12.5% | +35.1% | View data |
| 2 | 2 Romania | 7 | 2023 | +40% | +11.84% | View data |
| 3 | 3 Italy | 6 | 2023 | 0% | -7.79% | View data |
| 4 | 4 Hungary | 2 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Slovakia | 2 | 2023 | +100% | View data | |
| 6 | 6 Lithuania | 2 | 2023 | 0% | -15.91% | View data |
| 7 | 7 Portugal | 2 | 2023 | 0% | 0% | View data |
| 8 | 8 Latvia | 1 | 2023 | 0% | View data |
