As of 2024, Hungary leads in Europe with 98 high-growth enterprises in scientific research and development activities, showing a 16.84% increase compared to the previous year. Italy follows with 81 enterprises, registering a modest 1.82% growth. The Czech Republic, Portugal, and Lithuania also show positive growth, while Norway's count slightly declined. Notably, Latvia saw the highest growth rate at 31.95%. Although Romania only has 5 enterprises, it posted a significant 10.76% growth.
Looking ahead, notable trends include:
- Eastern European countries like Hungary and Romania might continue to gain traction as investment hubs due to favorable growth rates.
- Potential decline in developed markets like Norway suggests a need for strategic innovation policies to rejuvenate growth.
- With increasing international collaborations, countries like Latvia could continue surging with a focus on niche scientific areas.
Top countries in Number of High Growth Enterprises in Scientific Research and Development Activities by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 98 | 2023 | +10.11% | +16.84% | View data |
| 2 | 2 Italy | 81 | 2023 | 0% | +1.82% | View data |
| 3 | 3 Czech Republic | 33 | 2023 | +3.13% | +2.62% | View data |
| 4 | 4 Portugal | 27 | 2023 | +8% | +4.66% | View data |
| 5 | 5 Norway | 19 | 2023 | +5.56% | -1.02% | View data |
| 6 | 6 Lithuania | 16 | 2023 | +6.67% | +7.78% | View data |
| 7 | 7 Slovakia | 9 | 2023 | 0% | +2.38% | View data |
| 8 | 8 Romania | 5 | 2023 | +25% | +10.76% | View data |
| 9 | 9 Latvia | 4 | 2023 | +33.33% | +31.95% | View data |
| 10 | 10 Iceland | 4 | 2023 | 0% | +5.92% | View data |
