In 2023, Hungary led with a 12.89% share of young high growth enterprises (gazelles) in the active food and beverage services sector, significantly higher than other European countries. Following were Lithuania at 8.94% and Portugal at 4.87%. The Czech Republic and Romania recorded more modest shares at 3.66% and 3.36%, respectively. Slovakia, Latvia, Italy, and Iceland trailed with shares below 3%, while Norway stood out with only 0.25%, suggesting varied growth dynamics across Europe. Given these figures are forecasts for 2024, the previous yearly variations were relatively non-cyclic and stable, lacking significant fluctuations.
Future trends to watch include the potential impact of digital transformation on growth rates, particularly in underperforming countries like Norway. Additionally, shifts in consumer preferences and sustainable practices could influence growth trajectories among these young enterprises.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Food and Beverage Services by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 12.89 | 2023 | View data |
| 2 | 2 Lithuania | 8.94 | 2023 | View data |
| 3 | 3 Portugal | 4.87 | 2023 | View data |
| 4 | 4 Czech Republic | 3.66 | 2023 | View data |
| 5 | 5 Romania | 3.36 | 2023 | View data |
| 6 | 6 Slovakia | 2.6 | 2023 | View data |
| 7 | 7 Latvia | 1.62 | 2023 | View data |
| 8 | 8 Italy | 1.33 | 2023 | View data |
| 9 | 9 Iceland | 1.3 | 2023 | View data |
| 10 | 10 Norway | 0.25 | 2023 | View data |
