Household expenditure on leisure in Belgium exhibited steady growth from 2013 to 2019, followed by a significant dip in 2020 due to the pandemic. Thereafter, the trend regained momentum, peaking at 20.52 billion Euros in 2022. By 2023, expenditure slightly decreased to 19.73 billion Euros, reflecting a year-on-year decline of 3.85%. Despite this, a positive compound annual growth rate (CAGR) of 0.73% was maintained over the last five years. Future forecasts indicate continued growth, with expenditure projected to reach 21.17 billion Euros by 2028, reflecting an average annual growth rate of 1.12% over the next five years.
Trends to watch for in the future include the impact of post-pandemic economic recovery, changes in consumer behavior towards digital and in-person leisure activities, and potential effects of inflation or economic policies on disposable income for leisure spending.
