Key Market Indicators
**Bosnian Music Revenue Forecast to Remain Stable at €0.7 Million by 2028** SARAJEVO—Bosnia's music revenue is projected to remain stable, reaching approximately €0.7 million by 2028, the same figure recorded in 2023. This stability follows a notable upward trend since 2016, where the market saw an average annual growth of 7%. In 2023, Bosnia ranked 32nd globally in music revenue, trailing behind Macedonia, which also reported €0.7 million. The top spots were occupied by the United Kingdom, France, and Sweden, holding second, third, and fourth positions respectively. **Bosnian Music Expenditure to Climb to €718 Million by 2028** In contrast, Bosnia's music expenditure is expected to see a modest increase. Forecasts indicate that spending will rise from €683 million in 2023 to approximately €718 million by 2028, reflecting an average annual growth rate of 0.8%. Since 2005, the country's demand for music has consistently grown, averaging a 1.6% increase each year. For 2023, Bosnia ranked 33rd in global music expenditure, just behind Cyprus, which also recorded €683 million. Leading the expenditure rankings were Germany, France, and Italy, securing second, third, and fourth places respectively.
