From 2013 to 2023, internal tourism expenditure on cultural services in Sweden experienced considerable fluctuations. The highest value was recorded in 2014, followed by a significant drop in 2015. Despite a gradual recovery from 2016 to 2021, the trend remained unstable. Notably, the expenditure peaked again in 2021 before declining slightly in subsequent years.
The year-on-year variation displayed significant volatility, presenting major declines in 2015 and 2022, while showing substantial growth in 2014, 2016, 2017, 2019, and 2021. In 2023, figures stood nearly flat with only a minor decrease of 1.37% year-on-year.
The compound annual growth rate (CAGR) over different periods shifted notably. From 2018 to 2023, the CAGR was slightly negative at -0.048%. The forecast from 2024 to 2028 sees a more pronounced decline, with a CAGR of -3.01% and an overall reduction of 14.16% in expenditure on cultural services.
Future trends to watch:
-Potential economic factors or policy changes impacting tourism expenditure.
-Evolving cultural interests and how they might influence tourism patterns.
-Technological advancements fostering new cultural service offerings.
