UK Music Industry exports grow

Mon 25 Nov 2019
Posted by: Sam Pileggi
Trade News

UK music

UK Music’s inaugural Music By Numbers report reveals the key role music plays in the economy in 2019.

The key facts in Music By Numbers 2019 include:

  • The UK music industry contributed £5.2 billion to the UK economy in 2018, up from £4.5 billion the previous year.
  • The total export revenue of the music industry was £2.7 billion in 2018, up from £2.6 billion in 2017.
  • 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.

Successful British acts including Ed Sheeran, Dua Lipa and Sam Smith helped exports of UK music soar in 2018 to £2.7 billion.

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.

UK Music chief executive Michael Dugher said the findings show the industry "is in great shape and continuing to lead the world."

Read the report here