The output of sports activities, amusement, and recreation activities in Norway is forecasted to grow steadily. In 2023, the actual output stood at 26.45 billion NOK. Looking ahead, the forecasted output for 2024 is 27.26 billion NOK, increasing to 28.1 billion NOK in 2025, 28.92 billion NOK in 2026, 29.74 billion NOK in 2027, and reaching 30.55 billion NOK by 2028.
The year-on-year variations indicate consistent growth:
- 2024: 3.06%
- 2025: 3.08%
- 2026: 2.92%
- 2027: 2.83%
- 2028: 2.71%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.95%. This steady increase reflects a healthy growth trend in the sector.
Future trends to watch for include increased digitalization of recreational activities, rising health and wellness consciousness driving demand for sports activities, and potential impacts of economic fluctuations on discretionary spending for amusement and recreation.
