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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 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.

Comparability - geographical

The statistics can be compared with the statistics of Gazelles published annually by Eurostat, however, with few exceptions described below.

The definition of new high-growth companies partly follow the OECD and Eurostat definition, see "Eurostat OECD Manual on Business Demography Statistics, 2007 Edition", which defines new high-growth companies (Gazelles) as all new enterprises that are up to five years old, that has 10 or more employees at the start of the growing period and have an average annual growth of more than 72.8 per cent. (20 per cent. Per year) over a three year period.

The Danish statistics differ, however, on the point that the cut-off limit of 10 or more employees at the beginning of growth period is changed to 5 or more employees. This is done as it is estimated that a size-limit of 10 does not apply to a Danish Business structure. The limit of at least five employees are set to avoid small companies with high percentage growth, but with little absolute growth, are categorized as growth entrepreneur.

Comparability over time

It should be noted that the population of gazelles varies from reference year to reference year. This is the case, as the start population consist of new enterprises, which in principle should not have existed earlier. The statistics are therefore not suited for longitudinal analyses.

Coherence - cross domain

The statistics Gazelles is based on the population of enterprise births published in the Business demography. Business Demography data are also published by Eurostat, including gazelles.

Coherence - internal

Not relevant