From 2013 to 2019, Austria’s Gross Value Added (GVA) in Sports Activities, Amusement, and Recreation Activities exhibited a consistent upward trend, with annual growth rates averaging between 3-6%. A significant decline occurred in 2020 and 2021 due to the pandemic. However, by 2022, the sector saw a dramatic recovery with a 31.41% increase. As of 2023, the GVA stabilized at 1.63 billion Euros, reflecting a slight year-on-year decline of 5.02%, but an overall steady recovery trajectory is forecasted until 2028 with a 1.61% CAGR.
Future trends to watch for:
- Continued digital transformation in sports and recreation with increasing adoption of virtual and augmented reality.
- Increased emphasis on health and wellness activities post-pandemic.
- Growth in eco-friendly and sustainable recreation activities.
- Potential impact of global economic conditions on disposable income and leisure spending.
