In 2023, Greece led global local government expenditures on recreation, culture, and religion, representing 16.92% of total local government spending, with a remarkable year-on-year increase of 4.74%. In contrast, the United Kingdom had the lowest expenditure share at 1.93%, experiencing a significant decrease of 3.86%. While Iceland, Luxembourg, and Hungary also ranked high in expenditure, their changes varied; Iceland showed a modest increase, while Luxembourg slightly decreased. Several countries, like Spain and Slovenia, showed small declines, indicating a shift in prioritization of local government budgets.
Future trends suggest a potential increase in spending in countries currently experiencing cultural and infrastructural development and a possible decline where economic constraints or prioritization of other sectors restricts budget allocations. Monitoring socio-political dynamics and economic conditions will be crucial in forecasting future expenditure trends. Countries demonstrating economic growth may allocate more resources to recreation, culture, and religion as components of quality of life, while others might continue to experience budgetary reductions.
Top countries in Local Government Expenditures on Recreation, Culture and Religion by Country
# | 10 Countries | Percent of Local Government Expenditure | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Greece | 16.92 | 2023 | +3.93% | +4.74% | View data |
2 | 2 Iceland | 15.79 | 2023 | +0.25% | +0.58% | View data |
3 | 3 Luxembourg | 15.78 | 2023 | +0.57% | -0.18% | View data |
4 | 4 Hungary | 14.01 | 2023 | +3.09% | +3.74% | View data |
5 | 5 Israel | 11.48 | 2023 | -0.087% | -0.33% | View data |
6 | 6 Spain | 11.45 | 2023 | -0.087% | -0.31% | View data |
7 | 7 Belgium | 10.22 | 2023 | +0.59% | +0.16% | View data |
8 | 8 France | 9.37 | 2023 | 0% | +0.3% | View data |
9 | 9 Estonia | 9.11 | 2023 | -0.22% | +0.11% | View data |
10 | 10 Portugal | 8.93 | 2023 | +0.11% | +0.55% | View data |