Music industry contributed £5.8 billion to economy pre-Covid, study reveals
Wednesday, November 18, 2020
A study by UK Music has revealed that the UK's music industry contributed nearly £6 billion to the economy before the pandemic hit.
Other key findings include:
- The UK music industry contributed £5.8 billion to the UK economy in 2019 - up 11% from £5.2 billion in 2018.
• Employment in the industry hit an all-time high of 197,168 in 2019
• The total export revenue of the music industry was £2.9 billion in 2019 - up 9% from £2.7 billion in 2018.
• In addition to the industry’s direct economic contribution, music tourism alone contributed £4.7 billion in terms of spending to the UK economy in 2019 - up 6% from £4.5 billion in 2018.
For the full report, visit https://www.ukmusic.org/research/music-by-numbers-2020