European household expenditure on recreation and culture varies significantly by country, with Albania leading at 10.5% of GDP and Ireland at the low end with 1.3%. Over the past year, countries like Serbia (4.78%) and Estonia (1.33%) showed positive growth, while others such as Norway (-5.32%) and Ireland (-8.25%) saw considerable declines. The 5-year CAGR highlights consistent declines across most nations, underscoring a regional trend towards reduced spending in this sector. Albania represents an interesting outlier with high expenditure relative to its GDP, though it too saw a recent decline of -4.9%.
Future trends to watch for include the impact of post-pandemic recovery efforts, shifts in digital and streaming service consumption, and economic policies aimed at boosting disposable income, which could influence future household expenditure on recreation and culture.
Top countries in Household Expenditure on Recreation and Culture by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 10.5 | 2023 | +12.9% | -4.9% | View data |
| 2 | 2 United Kingdom | 6.9 | 2023 | 0% | +0.29% | View data |
| 3 | 3 Croatia | 6.1 | 2023 | -7.58% | -0.32% | View data |
| 4 | 4 Iceland | 6 | 2023 | 0% | -0.65% | View data |
| 5 | 5 Latvia | 5.5 | 2023 | -5.17% | -1.06% | View data |
| 6 | 6 Slovakia | 5.4 | 2023 | 0% | -0.37% | View data |
| 7 | 7 Austria | 5 | 2023 | 0% | -0.78% | View data |
| 8 | 8 Sweden | 4.9 | 2023 | 0% | 0% | View data |
| 9 | 9 Denmark | 4.9 | 2023 | 0% | -1.92% | View data |
| 10 | 10 Serbia | 4.8 | 2023 | +9.09% | +4.78% | View data |
