The Media and Entertainment Gross Value Added in Belgium saw a fluctuating trend from 2013 to 2023, starting at 2.91 billion euros in 2013 and reaching 3.25 billion euros in 2023. The industry experienced a sharp dip in 2020 with an 8.86% decline, primarily due to the COVID-19 pandemic, but rebounded in 2021 with a 12.06% growth. The five-year CAGR from 2018 to 2023 was 1.71%. Looking ahead, forecasted data suggest a steady rise, with the value expected to reach 3.48 billion euros by 2028, reflecting a five-year CAGR of 1.11%.
Future trends to watch for:
- Increasing digitalization of media and entertainment.
- Growth in subscription-based streaming services.
- Adoption of new technologies like AR and VR.
- Continued impact of COVID-19 on traditional media forms.
