European Share of High Growth Enterprises in the Population of Active Enterprises in Office Administrative, Office Support and Other Business Support Activities by Country

In 2023, Hungary led Europe with a notable share of high growth enterprises in the office administrative sector, standing at 59.04%. Lithuania followed with 41.02%, while the Czech Republic recorded 29.53%. Portugal and Slovakia also posted substantial shares at 20.27% and 17.99%, respectively. Conversely, Italy, Iceland, Latvia, Norway, and Romania registered lower figures, with Romania at a minimal 0.88%. Year-on-year variations have exhibited little change, indicating stability. The compound annual growth rate (CAGR) over the last five years has been stable, with nil variation noted.

Future trends to watch include:

• Potential impact of economic policies and digital transformation on enterprise growth.
• The influence of international trade policies and labor market dynamics across various European countries.
• Continued divergence between countries with higher and lower shares of high growth enterprises.