Friday Figures - 22 Jan

As industries scramble for funds and limited help available from governments and other sources during the pandemic, it must be remembered that the contributions of the music industry to the economy is too substantial and important to ignore and that this must be prioritised to survive. The Oxford Economics study, The Economic Impact of Music in Europe (November 2020) calculated that the music sector contributes €81.9 billion gross value added (GVA) annually to the EU 27+UK’s GDP. For context, this is not just equivalent to, but is larger than the GDP of 9 of the 28 EU countries in the year of the study.
Read more here.