Forecast: Household Expenditure on Leisure in Spain

The household expenditure on leisure in Spain has shown significant fluctuations over the past decade, marked by notable growth phases and sharp declines. From 2013 to 2019, the expenditure mostly followed an upward trend with consistent year-on-year increases. However, 2020 experienced an unprecedented 37.19% decline due to the impact of the COVID-19 pandemic. The subsequent years saw a robust recovery with substantial increases of 29.53% in 2021 and 40.24% in 2022. The expenditure stood at 65.42 billion euros in 2023, with a 2.75% year-on-year increase and a 3.84% CAGR over the last five years.

Future trends to monitor include:

  • Sustained recovery and growth in leisure spending as economic conditions stabilize and consumer confidence improves.
  • The forecasted CAGR of 2.02% for the next five years indicates moderate growth, leading to a 10.53% increase by 2028.
  • Potential influence of emergent technologies and diversification of leisure activities impacting household expenditures.

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