The household expenditure on leisure in Germany has exhibited significant fluctuations in recent years. From 2013 to 2019, the expenditure experienced a steady upward trend with minor interruptions, showing year-on-year variations between 0.95% and 5.35%. A significant downturn was observed in 2020, with a substantial decline of 16.16%, likely attributable to the impacts of the COVID-19 pandemic. Recovery signs were visible in 2021 with a 3.9% increase, and a remarkable 15.62% rebound in 2022. However, 2023 saw a slight decrease of 3.86%, placing the expenditure at 180.09 billion euros.
Looking forward to the upcoming years (2024-2028), the forecasts predict modest growth, highlighted by a 5-year CAGR of 0.69%. Specifically, by 2028, the expenditure is expected to rise steadily, reaching 188.11 billion euros, reflecting a forecasted 5-year overall growth rate of 3.51% despite slight year-on-year fluctuations.
Future trends to watch for:
- Continued impact of global economic conditions on household leisure spending.
- Potential changes in consumer behavior and leisure preferences post-pandemic.
- The influence of technological advances and digital entertainment on leisure expenditures.
- Inflation rates and their effect on disposable income and spending on leisure activities.
