The European Recreation and Culture Nominal Expenditure varies significantly by country, with the United Kingdom leading at 8.5% of GDP. Notable declines were seen in countries like Albania (-8.72%), Ireland (-9.71%), and Norway (-7.13%), signaling potential economic shifts or changes in spending priorities. Conversely, Macedonia observed a positive growth (+1.26%). Central and Eastern European countries largely documented marginal reductions, indicating stable expenditure trends. Over the past five years, the average annual contraction in most countries highlights challenges in maintaining or increasing recreational spending as a share of GDP.
Future trends to watch for include technological advancements boosting digital cultural consumption, changes in consumer preferences toward eco-friendly recreational activities, and the potential impact of economic recovery measures on discretionary spending in the cultural and recreational sectors across Europe.
Top countries in Recreation and Culture Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 8.5 | 2023 | +4.94% | -0.23% | View data |
| 2 | 2 Croatia | 7.4 | 2023 | 0% | -0.27% | View data |
| 3 | 3 Iceland | 7.1 | 2023 | 0% | -1.61% | View data |
| 4 | 4 Albania | 6.4 | 2023 | +3.23% | -8.72% | View data |
| 5 | 5 Latvia | 5.9 | 2023 | -1.67% | -1.92% | View data |
| 6 | 6 Sweden | 5.6 | 2023 | -1.75% | -0.35% | View data |
| 7 | 7 Estonia | 5.6 | 2023 | 0% | -0.35% | View data |
| 8 | 8 Finland | 5.4 | 2023 | -1.82% | -2.41% | View data |
| 9 | 9 Germany | 5.3 | 2023 | 0% | -2.12% | View data |
| 10 | 10 Slovakia | 5.2 | 2023 | 0% | -2.49% | View data |
