The data from 2023 reveals significant variances in the share of young high-growth enterprises, known as Gazelles, within the population of active non-traditional retail enterprises across European countries. Hungary leads with a notable 10.97%, followed by Slovakia at 8.25%. Lithuania and Iceland exhibit moderate shares of 6.14% and 6% respectively. The Czech Republic, Romania, Portugal, Norway, and Italy demonstrate lower shares, with Italy at the bottom with a mere 0.75%. Year-on-year variances are nil, however, the compound average growth rate indicates stability in these figures over the past five years.
Future trends suggest potential growth in Gazelles particularly in countries with a burgeoning digital economy infrastructure. Emphasis on technological adoption and regulatory reforms could spur growth in this sector. Additionally, the post-pandemic shift towards online retail and innovations in omnichannel retail strategies could further bolster the presence of Gazelles in the European non-traditional retail market.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Retail Not in Stores, Stalls or Markets by Country
| # | 9 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 10.97 | 2023 | View data |
| 2 | 2 Slovakia | 8.25 | 2023 | View data |
| 3 | 3 Lithuania | 6.14 | 2023 | View data |
| 4 | 4 Iceland | 6 | 2023 | View data |
| 5 | 5 Czech Republic | 2.72 | 2023 | View data |
| 6 | 6 Romania | 2.17 | 2023 | View data |
| 7 | 7 Portugal | 1.14 | 2023 | View data |
| 8 | 8 Norway | 1.06 | 2023 | View data |
| 9 | 9 Italy | 0.75 | 2023 | View data |
