European Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Computers, Personal, Household Goods Repair by Country

In 2023, Hungary led the European countries in terms of share of young high-growth enterprises (gazelles) in the sector of computers, personal, and household goods repair, with a value of 5.16. Slovakia followed with a value of 4.69, while Portugal had 3.37. Norway's share stood at 1.19, considerably lower, followed by the Czech Republic and Italy with 0.81 and 0.67 respectively. Over the past years, these figures reflect varied growth performance in fostering young high-growth firms across countries. Year-on-year variations remained largely constant, indicating slow dynamic changes among these active enterprises.

Future trends to watch in the European market for young high-growth enterprises include:

• Increased digitalization and technological advancements may drive higher growth rates in this sector.
• Policy shifts towards entrepreneurship and innovation could enhance the share of gazelles in countries like Italy and the Czech Republic.
• Cross-European collaborations and EU-funded initiatives could stimulate a more harmonized and competitive landscape for these enterprises.