The production value of programming and broadcasting in Spain exhibited a notable upward trend from 2013 to 2023, growing from 2.93 billion euros to 6.03 billion euros. This represents an overall increase despite periodic fluctuations. A significant downturn occurred in 2020 with a -21.79% year-on-year decrease likely due to the COVID-19 pandemic. Recovery followed, with a strong 23.68% increase in 2021 and continued growth leading to a 9.52% rise in 2023. The value in 2023 was 6.03 billion euros. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was 6.24%.
- 2013: 2.17% YoY, -8.14% CAGR
- 2014: 3.32% YoY, -3.61% CAGR
- 2015: 14.79% YoY, -1.38% CAGR
- 2016: 19.95% YoY, 4.73% CAGR
- 2017: 4.9% YoY, 8.8% CAGR
- 2018: 1.73% YoY, 8.71% CAGR
- 2019: 11.98% YoY, 10.47% CAGR
- 2020: -21.79% YoY, 2.31% CAGR
- 2021: 23.68% YoY, 2.94% CAGR
- 2022: 14.1% YoY, 4.69% CAGR
- 2023: 9.52% YoY, 6.24% CAGR
- 2024-2028: 1.6% forecast 5-year CAGR, 8.26% forecast 5-year growth rate
Looking forward, expect moderate but steady growth in the programming and broadcasting production value, driven by technological innovations, increased digital consumption, and evolving consumer preferences. The forecasted annual CAGR from 2024 to 2028 is 1.6%, suggesting a period of stabilizing growth.
