In 2023, local government expenditures on recreation, culture, and religion in Japan stood at 20.44 billion US dollars (PPP). The forecasted data from 2024 to 2028 shows a steady annual increase in expenditure, with year-on-year growth rates of approximately 1.59% (2025-2024), 1.56% (2026-2025), 1.49% (2027-2026), and 1.43% (2028-2027). Over this forecasted period, the compound annual growth rate (CAGR) for these expenditures is approximately 1.55%.
Future trends to observe include:
- The impact of demographic changes and aging population on cultural and religious expenditures.
- Potential shifts towards more sustainable and digital cultural projects.
- Government policies aiming at enhancing cultural tourism post-pandemic.
