Forecast: Value Added in Recreational Activities Sector in Chile

The value added in the recreational activities sector in Chile experienced significant fluctuations over the past decade. In 2023, it stood at 28.75 billion Chilean Pesos. Between 2018 and 2023, we observe notable year-on-year variations, including a 12.88% increase in 2021, followed by a -6.6% decrease in 2022, and a -6.93% decrease in 2023. The last CAGR over these five years shows a minimal annual average variation of 0.17%.

Looking forward, the forecasted data from 2024 to 2028 suggests a declining trend with a forecast 5-year CAGR of -7.82%, resulting in an overall 33.45% decrease by 2028. This trend indicates a continued contraction in the sector’s value.

Future trends to watch for:

• Impact of new recreational infrastructure and innovations.
• Government policies towards boosting tourism and recreational sectors.
• Economic factors influencing discretionary spending on recreational activities.
• Shifts in consumer preferences and behaviors post-pandemic.