This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
Print Page | Contact Us | Sign In | Join Us
News & Press: International Trade News

UK Music Industry exports grow

25 November 2019  
Share |

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