The 2023 data indicates that Iceland had the highest share of young high-growth enterprises, known as gazelles, in the employment services sector, with a figure of 22.7%. Portugal followed with 12.54%, while Lithuania recorded 12.48%. Hungary and the Czech Republic's shares were considerably lower, at 7.21% and 6.39%, respectively. The remaining countries, including Slovakia, Italy, Romania, Latvia, and Norway, had shares below 6.0%, reflecting a noticeable disparity across Europe.
Looking ahead, potential trends to monitor include the impact of digitalization on employment services, possible post-pandemic economic shifts, and evolving labor market demands influencing the emergence of gazelles across Europe. Watch for policy initiatives that could further stimulate the growth of young enterprises in this sector, as well as shifts in local business ecosystems and venture capital availability.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Employment Services by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 22.7 | 2023 | View data |
| 2 | 2 Portugal | 12.54 | 2023 | View data |
| 3 | 3 Lithuania | 12.48 | 2023 | View data |
| 4 | 4 Hungary | 7.21 | 2023 | View data |
| 5 | 5 Czech Republic | 6.39 | 2023 | View data |
| 6 | 6 Slovakia | 5.51 | 2023 | View data |
| 7 | 7 Italy | 3.91 | 2023 | View data |
| 8 | 8 Romania | 3.19 | 2023 | View data |
| 9 | 9 Latvia | 2.59 | 2023 | View data |
| 10 | 10 Norway | 1.87 | 2023 | View data |
