Key Market Indicators
Greek music expenditure is projected to reach approximately €11 billion by 2028, up from around €9.9 billion in 2023. This represents an average annual growth rate of 1.7%. Since 2000, the demand for Greek music has increased by an average of 5.4% per year. In 2023, Greece ranked 17th in music expenditure globally, with Romania slightly ahead at €9.9 billion. Germany, France, and Italy held the 2nd, 3rd, and 4th spots, respectively. On the revenue side, Greek music revenue is expected to decline to €4.8 million by 2028 from €7.2 million in 2023, averaging a 6.2% drop per year. Since 2013, the Greek music market has seen a yearly decrease of 12.2%. In 2023, Greece was ranked 25th in music revenue, trailing Slovakia, which also posted €7.2 million. The United Kingdom, France, and Sweden occupied the 2nd, 3rd, and 4th positions, respectively.
