Key Market Indicators
Lithuania's revenue from recreational activities is projected to surge to approximately €504 million by 2028, up from around €324 million in 2023. This marks a consistent annual growth rate of 7%, according to recent data. Since the turn of the millennium, Lithuania's recreational market has experienced an impressive average annual growth of 8.7%. As of 2023, the country holds the 28th position globally in this sector. Notably, Bulgaria has surpassed Lithuania with a matching revenue of €324 million. Leading the rankings, France, the United Kingdom, and Spain take the second, third, and fourth spots respectively in the global revenue standings for recreational activities. These countries continue to dominate the market, showcasing strong performance and steady growth.
