In 2023, household expenditure on recreation and culture in Norway stood at €19.56 billion. Forecasted data indicates steady annual growth: €19.92 billion in 2024, €20.28 billion in 2025, €20.63 billion in 2026, €20.97 billion in 2027, and €21.31 billion in 2028. The year-on-year growth rates are as follows: 2024 (1.84%), 2025 (1.81%), 2026 (1.73%), 2027 (1.65%), and 2028 (1.62%). The compound annual growth rate (CAGR) from 2024 to 2028 averages out to approximately 1.73% per year.
Future trends to watch for include the impact of digital transformation on leisure activities, potential shifts in consumer preferences towards sustainable and local recreation options, and societal changes due to demographic shifts, such as an aging population, which could influence the overall expenditure patterns in this sector.
