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High Growth Enterprises

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Business Dynamics, Business Statistics
Kalle Emil Holst Hansen
+45 39 17 35 65

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High Growth Enterprises

The statistics High growth enterprises in Denmark was published the first time in 2008. High growth enterprise as well as Gazelles were at that time measured. However, later the statistics was limited to only include Gazelles. The purpose of the statistics "Gazelles in Denmark" is to illustrate the development in the number of gazelles and jobs created in the growth period.

Statistical presentation

The statistics counts the number of gazelles in Denmark, as well as jobs created in the growth period. In addition the turnover at the beginning and end of the growth period is available.

The growth indicator is the number of employees. The number of employees is converted into full-time equivalents (FTEs). The number of FTEs is used as a measure of the total amount of work performed by the gazelles employees during the year in question.

The statistics covers only Non-Agricultural Private Sector.

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Statistical processing

The statistics are based on the Business demography statistics and the information regarding surviving firms up to 5 years old. The information of survival is used to the delimitation of the population to be measured. The enterprise's development in number of full-time employment is measured from start of the growing period to the end.

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The statistics is used by ministries and governmental agencies, regional and county authorities as well as private sector institutions and enterprises. Number of gazelles in Denmark is used in analysis of the development of young high-growth enterprises (gazelles). Moreover, it illustrates the creation of new jobs amongst these enterprises in the growth period. No user satisfaction is collected.

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Accuracy and reliability

There exist a certain uncertainty regarding the identification of new enterprises, which the statistics Gazelles is based on. The uncertainty associated with the Business Demographic statistics is associated with the references between the entities which mainly comes from the Danish Tax Authorities Business System (WEB), and lack of knowledge of the transfer of activity from one company to another, including the separation of activity. Failure to do so can result in economic and employment data are not correctly linked to the individual units.

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Timeliness and punctuality

The statistics is usually available with final figures around 18 months after the end of the reference year. From the reference period 2013-2016 the statistics is published with preliminary data around 10 months after the end of the reference year.

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The statistics is based on data from the Business demography, which measures the number of enterprise births in Denmark.

The statistics can be compared with the statistics of Gazelles published by Eurostat.

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Accessibility and clarity

The data is published in NYT and is available in the StatBank.

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