In 2023, France was the leading contributor to the European Arts, Entertainment and Recreation Gross Value Added, with 31.78 billion euros, followed by Italy at 17.48 billion euros. The Netherlands experienced a decline of 3.31%, while Belgium saw a 1.37% increase. Notably, Estonia showed significant growth with an 11.58% increase. Latvia, Slovenia, and Cyprus also reported positive growth, with Cyprus leading at 4.56%.
Looking forward, key trends to watch include digital transformation, which is reshaping consumption and distribution. Other factors include lifestyle changes influenced by social media and increased leisure spending driven by economic recovery and growth in disposable income.
Top countries in Arts, Entertainment and Recreation Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 31,780 | 2023 | -0.44% | +0.67% | View data |
| 2 | 2 Italy | 17,480 | 2023 | -0.84% | -0.57% | View data |
| 3 | 3 Netherlands | 6,520 | 2023 | -15.64% | -3.31% | View data |
| 4 | 4 Belgium | 3,130 | 2023 | -11.79% | +1.37% | View data |
| 5 | 5 Croatia | 907.68 | 2023 | +0.19% | +1.17% | View data |
| 6 | 6 Estonia | 647.88 | 2023 | +15.01% | +11.58% | View data |
| 7 | 7 Latvia | 634.15 | 2023 | +3.49% | +3.37% | View data |
| 8 | 8 Slovenia | 564.69 | 2023 | -12.01% | +1.22% | View data |
| 9 | 9 Cyprus | 381.9 | 2023 | +5.61% | +4.56% | View data |
