The forecasted Gross Value Added (GVA) for recreational activities in Norway shows a consistent downward trend from 2024 to 2028, decreasing from 15.18 billion NOK in 2024 to 14.66 billion NOK in 2028. This represents a consistent year-on-year decline of approximately 0.86% from 2024 to 2025, 0.86% from 2025 to 2026, 0.87% from 2026 to 2027, and 0.88% from 2027 to 2028. Considering that the sector was valued at 15.31 billion NOK in 2023, the compound annual growth rate (CAGR) over this five-year period is estimated to be around -0.86%, indicating a steady contraction.
Future trends to watch for in the recreational activities sector include potential impacts of demographic changes such as an aging population, shifts in tourism patterns, and evolving consumer preferences towards digital and home-based recreation. These factors could either mitigate or exacerbate the current declining trend, making it imperative to monitor both macroeconomic conditions and industry-specific developments.
