In 2023, Germany led the European market for accounting, bookkeeping, auditing services, and tax consultancy with a turnover of 20.3 million euros. The United Kingdom followed closely, with 18.98 million euros, and France held the third position with 11.1 million euros. Other notable markets included Italy, the Netherlands, and Spain, gathering 9.21, 6.96, and 5.37 million euros respectively. Smaller markets, such as Iceland, Serbia, Bosnia and Herzegovina, and Macedonia, contributed minimally to the total turnover.
The highest year-on-year variations in 2023 occurred in Lithuania (9.57%), Ireland (6.48%), and Malta (5.9%), indicating robust growth in these regions. Other significant increases were observed in Finland (4.62%), Denmark (5.24%), and the Netherlands (5.64%). Conversely, market leaders such as Germany and the United Kingdom experienced moderate growth rates of 3.98% and 1.98%, respectively.
Future trends to watch for include continued growth in smaller markets driven by technological advancements and digitization of financial services. Countries like Lithuania, Ireland, and Denmark may continue to outpace others in growth. Additionally, increased regulatory adherence and economic expansion could stimulate further demand for auditing and tax consultancy services across Europe.
Top countries in Turnover of Accounting, Bookkeeping and Auditing Services, Tax Consultancy Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 20.3 | 2023 | +3.24% | +3.98% | View data |
| 2 | 2 United Kingdom | 18.98 | 2023 | +1.97% | +1.98% | View data |
| 3 | 3 France | 11.1 | 2023 | +2.21% | +2.25% | View data |
| 4 | 4 Italy | 9.21 | 2023 | +0.49% | +0.41% | View data |
| 5 | 5 Netherlands | 6.96 | 2023 | +4.56% | +5.64% | View data |
| 6 | 6 Spain | 5.37 | 2023 | -0.096% | +0.84% | View data |
| 7 | 7 Switzerland | 3.69 | 2023 | +1.62% | +2.27% | View data |
| 8 | 8 Belgium | 2.61 | 2023 | +2.55% | +2.77% | View data |
| 9 | 9 Poland | 2.55 | 2023 | +4.97% | +3.99% | View data |
| 10 | 10 Sweden | 2.52 | 2023 | +2.79% | +3.45% | View data |
