The Arts, Entertainment, and Recreation sector in Italy is projected to grow steadily from 2024 to 2028, with output values rising from 48.96 billion Euros in 2024 to 53.1 billion Euros in 2028. In 2023, the sector stood at 48 billion Euros. Year-on-year growth rates exhibit a consistent pattern, reflecting a stable upward trend in this sector. Over the forecast period, the compound annual growth rate (CAGR) is approximately 2%, illustrating moderate but stable progress.
Future trends to watch for:
- Digitization and innovation in the entertainment industry could spur growth.
- Increased investment in cultural tourism as a driver for the arts sector.
- Potential impacts of global economic fluctuations on discretionary spending in recreation.
- Expanding international collaborations in arts and entertainment.