The arts, entertainment, and recreation sector in Austria has demonstrated consistent growth from 2013 to 2019, with occasional fluctuations. Growth rates from 2013 to 2019 were positive, peaking at 29.89% in 2022 post-2020’s sharp decline due to the pandemic. Despite a 6.76% decline in 2023, the trend from 2019 shows recovery. As of 2023, sector output stood at 6.86 billion euros.
Future trends indicate a forecast of steady growth from 2024 to 2028, with a projected average annual growth rate (CAGR) of 1.43%. The sector is expected to reach 7.5 billion euros by 2028.
Future watch:
- Increasing digital engagement in arts and entertainment.
- Continued recovery and growth post-pandemic.
- Impact of government support and funding for the arts.
