The analysis of global central government expenditures on recreation, culture, and religion indicates significant variations between countries. In 2023, Estonia led with the highest expenditure, while the United States allocated the least. Notably, Slovakia and Lithuania experienced notable increases, while Latvia and Colombia saw decreases. Over the past five years, the CAGR varied widely, with some countries maintaining stable trends and others experiencing considerable fluctuations. Generally, European countries appear to allocate more towards these sectors compared to other regions.
Future trends to watch include the impact of economic shifts on budget priorities, potential cultural initiatives due to increased global connectivity, and shifts in public values that may influence government spending priorities in these sectors. Additionally, countries with growing tourism industries may allocate more resources to enhance cultural attractions, potentially boosting their expenditures in these areas.
Top countries in Central Government Expenditures on Recreation, Culture and Religion by Country
# | 10 Countries | Percent of Central Government Expenditure | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Estonia | 3.24 | 2023 | -1.52% | -0.78% | View data |
2 | 2 Iceland | 3.18 | 2023 | -0.31% | -0.56% | View data |
3 | 3 Slovakia | 3.02 | 2023 | +2.37% | +4.53% | View data |
4 | 4 Israel | 3.01 | 2023 | +1.01% | +1.17% | View data |
5 | 5 Slovenia | 2.96 | 2023 | 0% | -0.13% | View data |
6 | 6 Latvia | 2.57 | 2023 | -3.02% | -4.29% | View data |
7 | 7 Switzerland | 2.56 | 2023 | -0.39% | -0.31% | View data |
8 | 8 Denmark | 2.51 | 2023 | 0% | +0.49% | View data |
9 | 9 Norway | 2.27 | 2023 | +0.44% | +0.27% | View data |
10 | 10 Lithuania | 2.18 | 2023 | 0% | +3.45% | View data |