The data for 2023 shows that Germany leads in the European recreational activities sector with a Gross Value Added of €24.76 billion, closely followed by France at €17.65 billion. The Netherlands and Greece experienced declines of 3.02% and 0.75% respectively, while Belgium and Portugal saw increases of 3.06% and 3.17%. Estonia had a notable jump with a 12.78% increase, and Malta also showed strong growth at 6.79%. The remaining countries showed varying trends, with most experiencing minor increases, except for the Netherlands and Slovakia, which saw slight declines. Over the last five years, countries like Estonia and Malta seem to stand out for their consistent growth.
Future trends to watch include digital transformation and sustainable tourism initiatives, which are likely to shape the recreational sector. Countries with stronger growth trajectories, such as Malta and Estonia, could continue to outperform by capitalizing on these trends. Additionally, geopolitical and economic shifts may influence future growth patterns in this industry across Europe.
Top countries in Recreational Activities Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24,760 | 2023 | +6.84% | +1.82% | View data |
| 2 | 2 France | 17,650 | 2023 | +1.77% | +1.28% | View data |
| 3 | 3 Netherlands | 4,110 | 2023 | -20.68% | -3.02% | View data |
| 4 | 4 Greece | 2,110 | 2023 | -1.86% | -0.75% | View data |
| 5 | 5 Belgium | 1,970 | 2023 | +7.23% | +3.06% | View data |
| 6 | 6 Slovakia | 1,620 | 2023 | -5.31% | -0.43% | View data |
| 7 | 7 Malta | 1,160 | 2023 | +3.49% | +6.79% | View data |
| 8 | 8 Portugal | 880.18 | 2023 | +6.24% | +3.17% | View data |
| 9 | 9 Croatia | 594.05 | 2023 | -3.47% | +2.3% | View data |
| 10 | 10 Latvia | 470.86 | 2023 | +10.39% | +2.55% | View data |
