The data on Arts, Entertainment, and Recreation output in Finland illustrates a steady growth from 2013 to 2019, with a significant drop in 2020 due to a -11.43% year-on-year decrease, attributed likely to the COVID-19 pandemic impact. Post-2020, the industry rebounded with notable growth of 14.94% in 2022. By 2023, the industry's output value stood at 6.45 billion Euros, marking a 2.04% increase from the previous year. The average year-on-year growth rate (CAGR) over the last five years was 2.77%.
Looking ahead, the forecasted data from 2024 to 2028 indicates a stable annual growth rate, with an expected CAGR of 1.69%, culminating in a total growth rate of 8.75% over this period. Value is projected to reach 7.18 billion Euros by 2028.
Future trends to watch for:
- **Digital transformation:** Increasing digital consumption of arts and entertainment.
- **Sustainability:** Growing emphasis on sustainable practices within the industry.
- **Cultural exports:** Potential expansion of Finnish cultural contents globally.
