Key Market Indicators
The revenue for recreational activities in Bulgaria is projected to climb to approximately €442 million by 2028, up from around €381 million in 2023. This represents an annual compound growth rate (CAGR) of 2.4%. Despite this positive trend, the Bulgarian market has experienced a slight decline, averaging a 0.4% drop each year since 2000. In 2023, Bulgaria ranked 27th in terms of revenue for recreational activities. Luxembourg surpassed Bulgaria, matching its revenue at roughly €381 million. Leading the rankings are France, the United Kingdom, and Spain, which hold the second, third, and fourth positions, respectively.
