The global local government expenditures on recreation, culture, and religion show France leading with $36.81 billion PPP in 2023, followed by Germany and Japan. Growth rates indicate significant increases in Romania, Hungary, and Lithuania, whereas the UK has seen a decline. The five-year CAGR reflects steady growth in various countries, despite fluctuations over the short term, suggesting a growing emphasis on cultural and recreational spending.
Future trends to watch for include increasing digital and virtual initiatives due to technological advancements, potential budget shifts influenced by political and economic changes, and heightened attention to sustainability in cultural investment strategies across various nations.
Top countries in Local Government Expenditures on Recreation, Culture and Religion by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 36,810 | 2023 | +1.83% | +3.03% | View data |
| 2 | 2 Germany | 23,180 | 2023 | +1.87% | +2% | View data |
| 3 | 3 Japan | 20,560 | 2023 | +1.52% | +1.5% | View data |
| 4 | 4 South Korea | 14,600 | 2023 | +2.44% | +2.74% | View data |
| 5 | 5 Spain | 14,170 | 2023 | +1.27% | +1.81% | View data |
| 6 | 6 Poland | 14,090 | 2023 | +2.91% | +2.11% | View data |
| 7 | 7 Netherlands | 8,870 | 2023 | +0.8% | +1.06% | View data |
| 8 | 8 Italy | 7,170 | 2023 | +0.57% | +1.19% | View data |
| 9 | 9 United Kingdom | 6,080 | 2023 | -2.05% | -2.73% | View data |
| 10 | 10 Sweden | 5,440 | 2023 | +2.2% | +3.12% | View data |
