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Music

NEWS: Music contributes £5.2bn to UK economy

updated
February 22, 2021
Published on:
November 22, 2019
January 5, 2021

Music adds £5.2bn to UK economy

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(Above: Live music was worth £1.1bn in the UK last year. Image: Kaique Rocha from Pexels)

The UK music contributed £5.2bn to the economy in 2018, employing a record 190,935 people.

The figures come from the 'Music By Numbers' report published by UK Music. According to this data, live music contributed £1.1bn in 2018, an increase of 10 per cent on 2017. Overseas visitors increased from 810,000 to 888,000 in 2018.

Total export revenues were £2.7bn in 2018, and music tourism contributed £4.5bn to the UK, up 12 per cent from £4bn the previous year.

UK Music CEO Michael Dugher said:

"The figures are hugely encouraging and show that, as well as enriching the lives of millions of people, music makes an incredible contribution to the UK's economy."

Read more music statistics

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