The Gross Value Added (GVA) for recreational activities in France has shown a consistent growth trajectory from 2013 to 2019, reaching 17.3 Billion Euros in 2019. However, the COVID-19 pandemic in 2020 caused a significant decline of 7.77% in GVA to 15.95 Billion Euros. Recovery began post-2020 with year-on-year growth of 6.43% in 2021 and a subsequent modest increase of 1.35% in 2022, reaching 17.21 Billion Euros. The GVA was at 17.51 Billion Euros in 2023, representing a 1.77% year-on-year increase.
Forecasted data from 2024 through 2028 suggests a steady growth trend, with the GVA projected to reach 18.95 Billion Euros by 2028. The forecasted average annual growth rate (CAGR) over the next five years stands at 1.25%, indicating a stabilized but modest expansion in the recreational activities sector.
Future trends to watch for include potential technological innovations in recreational activities, increasing demand for eco-friendly and sustainable tourism options, and the impact of economic cycles on discretionary spending. Monitoring these trends will be pivotal in understanding and predicting the future landscape of the recreational activities market in France.
