The forecast data for household expenditure on recreation and culture in Spain shows a consistent upward trend. The value is expected to rise from 1.37 thousand euros per capita in 2024 to 1.43 thousand euros per capita in 2028. In comparison to 2023, where the expenditure stood at 1.35 thousand euros per capita, the forecast indicates steady growth.
The year-on-year variations are as follows:
- From 2024 to 2025: 0.73% increase
- From 2025 to 2026: 1.45% increase
- From 2026 to 2027: 0.71% increase
- From 2027 to 2028: 1.42% increase
The compounded annual growth rate (CAGR) over the last 5 years, from 2023 to 2028, is approximately 1.15%.
Looking ahead, future trends to watch for include shifts in consumer behavior towards digital and outdoor recreational activities, potential impacts of economic fluctuations on discretionary spending, and evolving cultural interests driven by technological advancements and global influences.
