The data indicates the Czech Republic leading in 2023 with a share of 32.41 units of young high-growth enterprises in employment services, followed by Portugal and Hungary with 20.47 and 18.2 units, respectively. Year-on-year growth varied, with Portugal and the Czech Republic exhibiting notable increases at 11.38% and 10.25%, respectively. Conversely, Romania saw a decline of 6.73%, while countries like Slovakia remained stable over the previous year. In terms of a 5-year trend, the CAGR showcases a positive general trend with most countries demonstrating consistent growth in the share of "Gazelles" in their employment services sector.
Looking ahead, it will be essential to watch how digital transformation and policy alterations in Europe impact young high-growth enterprises. Countries striving to increase their shares may focus on fostering innovation and entrepreneurship while streamlining regulations to support burgeoning sectors. Monitoring geopolitical factors and economic recoveries across Europe will also provide insights into potential accelerations or disruptions in future trends.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Employment Services Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 32.41 | 2023 | +16.33% | +10.25% | View data |
| 2 | 2 Portugal | 20.47 | 2023 | +16.13% | +11.38% | View data |
| 3 | 3 Hungary | 18.2 | 2023 | +18.52% | +8.79% | View data |
| 4 | 4 Lithuania | 9.1 | 2023 | +14.29% | +7.78% | View data |
| 5 | 5 Romania | 6.82 | 2023 | +20% | -6.73% | View data |
| 6 | 6 Norway | 6.25 | 2023 | +10% | +9.46% | View data |
| 7 | 7 Slovakia | 4.55 | 2023 | 0% | 0% | View data |
| 8 | 8 Italy | 3.98 | 2023 | 0% | +6.96% | View data |
| 9 | 9 Latvia | 2.27 | 2023 | +33.33% | +5.92% | View data |
