In 2023, Hungary and Slovakia led the European landscape for young high growth enterprises in retail not in stores, stalls, or markets, each accounting for 26.58% of the market share. The Czech Republic followed with 18.76%, while Romania, Italy, Lithuania, Norway, and Portugal held smaller shares. Year-over-year variations indicate significant growth in Hungary (76.23%), moderate increases in Slovakia (19.42%) and Lithuania (10.76%), while Portugal saw a decline (-7.79%) in its share. Over five years, the compound annual growth rate highlights Hungary's dynamic growth trajectory.
Looking ahead, Europe's market is likely to see continued growth fueled by digital innovation and e-commerce. Countries with substantial investments in technology and infrastructure, like Hungary and Slovakia, may continue leading this trend. However, regulatory changes and economic conditions will be key factors influencing the market's evolution.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Retail Not in Stores, Stalls or Markets Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 26.58 | 2023 | +13.33% | +76.23% | View data |
| 2 | 2 Slovakia | 26.58 | 2023 | +13.33% | +19.42% | View data |
| 3 | 3 Czech Republic | 18.76 | 2023 | +20% | +3.71% | View data |
| 4 | 4 Romania | 10.95 | 2023 | +16.67% | +3.13% | View data |
| 5 | 5 Italy | 9.38 | 2023 | 0% | +3.71% | View data |
| 6 | 6 Lithuania | 7.82 | 2023 | 0% | +10.76% | View data |
| 7 | 7 Norway | 1.56 | 2023 | 0% | 0% | View data |
| 8 | 8 Portugal | 1.56 | 2023 | 0% | -7.79% | View data |
