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Serbia Leisure Industry Outlook 2024 - 2028

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

Key Market Indicators

Serbian music expenditure is projected to hit approximately €3.4 billion by 2028, up from €2.8 billion in 2023. This represents an annual growth rate of 3%. The demand for music in Serbia has seen an impressive average annual increase of 11.1% since 2000. In 2023, Serbia ranked 25th in the world for music expenditure, with Lithuania surpassing it at €2.8 billion. Leading the global rankings were Germany, France, and Italy, occupying the second, third, and fourth spots, respectively. On the revenue front, Serbian music revenue is expected to drop to around €5.1 million by 2028, down from €6 million in 2023. This decline corresponds to an annual decrease rate of 2.2%. Since 2019, the Serbian music market has experienced a steady annual decline of 1.1%.

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Serbia Leisure Market Data and Forecasts