The Gross Value Added (GVA) by recreational activities in Sweden has shown consistent growth from 2013 to 2023, reaching 33.75 billion Swedish Kronas in 2023. Over the years, the GVA has displayed an increasing trend with few fluctuations, notably a significant dip in 2020 due to external factors and a strong rebound thereafter.
Year-on-year variation highlights the dynamics, with marked growth in years like 2019 (+15.46%) and recovery years like 2021 (+5.2%). The compound annual growth rate (CAGR) over the last five years leading up to 2023 was 3.49%, indicating a steady upward trajectory.
Looking forward, the forecasted data suggests continued but more moderate growth, with a five-year CAGR of 1.73% expected from 2024 to 2028, culminating in a GVA of approximately 37.63 billion Swedish Kronas by 2028. The long-term trend over the decade remains positive despite short-term volatilities.
Future trends to watch for include the impact of technological integration into recreational activities, evolving consumer preferences, and potential shifts due to regulatory and economic changes. Attention to sustainability and digital transformation will also be critical in shaping the sector's growth trajectory.
