Key Market Indicators
Norwegian recreational activities revenue is poised for substantial growth, with projections indicating it will reach approximately €3 billion by 2028. This marks an increase from around €2.7 billion in 2023, reflecting a steady compound annual growth rate (CAGR) of 1.6%. Since 1980, the Norwegian market has enjoyed an average annual growth of 2.6%, showcasing the country's robust expansion in this sector. In 2023, Norway secured the 13th position globally in recreational activities revenue. Austria edged out Norway, also reporting around €2.7 billion in revenue. France, the United Kingdom, and Spain dominated the rankings, occupying the second, third, and fourth spots respectively.
