In 2023, Italy led with 18 high-growth enterprises in passenger air transport, followed by Portugal with 11, and Hungary and Lithuania each at 5. Despite Italy's dominant position, it experienced a slight decrease of 1.08% from the previous year. Slovakia showed significant growth, with a 14.87% increase, while Norway and Iceland faced notable declines at 19.73% and 12.94%, respectively. Latvia and the Czech Republic neither gained nor lost enterprises.
Looking forward, the trend will likely focus on:
- The expansion in Eastern Europe as indicated by Slovakia's recent growth.
- Recovery efforts in countries experiencing shrinkage, like Norway and Iceland.
- The potential technological advancements affecting European air transport enterprises.
Top countries in Number of High Growth Enterprises in Passenger Air Transport by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 18 | 2023 | +20% | -1.08% | View data |
| 2 | 2 Portugal | 11 | 2023 | +22.22% | +0.93% | View data |
| 3 | 3 Hungary | 5 | 2023 | 0% | +4.56% | View data |
| 4 | 4 Lithuania | 5 | 2023 | 0% | -3.58% | View data |
| 5 | 5 Slovakia | 4 | 2023 | +33.33% | +14.87% | View data |
| 6 | 6 Czech Republic | 2 | 2023 | 0% | 0% | View data |
| 7 | 7 Latvia | 1 | 2023 | 0% | 0% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | -19.73% | View data |
| 9 | 9 Iceland | 1 | 2023 | 0% | -12.94% | View data |
