The Gross Value Added (GVA) for recreational activities in the UK showed varying growth patterns over the past decade. In 2013, the GVA was 13.91 billion pounds and exhibited moderate yet positive growth until 2016, which saw a significant decline of 8.58% year-on-year. After a strong recovery in 2017 with a 13.96% increase, the sector continued to grow consistently until 2019. The pandemic hit in 2020 resulted in a dramatic 22.73% reduction in GVA. Post-pandemic recovery showed a positive trend in 2021 with a 13.9% increase, followed by further recovery in 2022 and 2023, with growth rates of 9.87% and 7.06%, respectively. In 2023, the GVA stood at 17.14 billion pounds.
Looking ahead, the forecast for 2024-2028 indicates steady growth, with a forecasted five-year CAGR of 1.56% and an overall growth rate of 8.04% by 2028. Key future trends to watch for include the continued digital transformation of recreational activities, increased consumer spending on experiential leisure, and the promotion of sustainable recreational practices. These factors are expected to contribute to steady growth in the sector over the forecasted period.
