Household expenditure on recreation and culture in Türkiye exhibited varied trends from 2013 through 2023. After a strong growth in 2013 and 2015, the expenditure saw fluctuations with periods of decline in 2014, 2016, 2018, and notably in 2020, likely impacted by macroeconomic factors and the COVID-19 pandemic. A significant rebound occurred in 2021 and 2022, peaking at 36.98 billion Euros in 2022.
The years following 2022 saw a decline of 14.09% in 2023, dropping to 31.77 billion Euros. Future projections indicate a steady growth rate, with the expenditure expected to reach 36.14 billion Euros by 2028, marking a five-year CAGR of 2.04% from 2023 onward.
Future trends to watch for include economic stability, consumer confidence, and potential impacts of technological advancements and digital transformation in recreational and cultural activities. These factors will likely influence household spending patterns in the sector. Pay particular attention to socioeconomic shifts, inflation rates, and government policies that may further affect this expenditure trajectory.
