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Cyprus Leisure Industry Outlook 2024 - 2028

See how Cyprus Leisure performed compared to key markets such as the United Kingdom, Germany and France.

Key Market Indicators

Cypriot Music Expenditure is projected to hit €1.37 billion by 2028, up from €1.25 billion in 2023. This marks an average annual growth rate of 1.5%. Since 2000, the country's demand for music has surged by an average of 4% per year. As of 2023, Cyprus ranks 32nd globally in music expenditure, with Luxembourg slightly ahead at €1.25 billion. Leading the rankings are Germany, France, and Italy, in second, third, and fourth places, respectively. In contrast, Cypriot Music Revenue is on a downward trajectory. It is expected to plummet to €0 million by 2028, down from €0.1 million in 2023. Since 2013, the market has been shrinking at an average annual rate of 24.2%.

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Cyprus Leisure Market Data and Forecasts