Not only does the UK music industry make a huge contribution to the country’s cultural life but it is also an economic powerhouse. This year’s Music By Numbers report reveals the industry is worth an amazing £5.2 billion to the economy and the live music sector is breaking the £1 billion barrier.
There are now 190,935 people working in the music industry in a variety of roles and disciplines. UK Music has built an excellent reputation over the years for providing robust data that helps shine a light on the music industry. It enables all of us involved in policy making to understand the impact of this important sector.
UK Music’s inaugural Music By Numbers report reveals the key role music plays in the economy in 2019. The report builds on the research documented in UK Music’s forerunner reports Measuring Music and Wish You Were Here. The data collected in those reports has now been expanded and combined into our new Music By Numbers report.
The key facts in Music By Numbers 2019 include:
- The UK music industry contributed £5.2 billion to the UK economy in 2018.
- The total export revenue of the music industry was £2.7 billion in 2018.
- Employment in the industry hit an all-time high of 190,935 in 2018.
- Music tourism alone contributed £4.5 billion spend to the UK economy in 2018 – up 12% from £4 billion in 2017.
The flagship annual economic study by UK Music and its members showed that the music industry continued to grow last year across every sector. Millions of fans who poured into concerts ranging from festivals to grassroots music venues generated a contribution of live music to the UK’s economy of £1.1 billion – up 10% on 2017.
Although Glastonbury Festival did not take place in 2018 when the data for the report was collected, the rise in the number of other festivals across the UK, particularly in Scotland, such as TRNSMT and Sunday Sessions, boosted the numbers. The Live Music sector made contribution of £1.1 billion in 2018 – up 10% from £991 million in 2017.