Ungated Post | 21 Sep 2020
The economic impact of public radio’s music activities
Public service music radio supports over 50,000 jobs across 48 European countries, taking direct, supply chain and wage-funded spending impacts into account.
This report for the EBU quantifies the GDP and jobs supported by the music radio activities of public service broadcasters in 48 European countries. These activities directly generated some €1.1 billion of GDP in 2018, employing 17,700 staff. A third of these roles are accounted for by orchestras, choirs, and ensembles run by the operators, and direct GDP per job is a third higher than the European economy-wide average.
Taking into account indirect (supply chain) and induced (wage-funded spending) effects too, the total GDP impact is around €3.1 billion, associated with over 50,000 jobs. Half of these jobs are in roles related to music one way or another.
In the EU-27 alone, €850 million of direct GDP is generated by over 12,000 staff. Direct GDP per job, at €69,200, is 19% higher than the EU average. Here, the total GDP impact is some €2.4 billion, associated with over 34,000 jobs. Directly and indirectly, some 19% of employment in the wider EU music and radio services sector is supported by these public service music radio activities.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Rhianne Clark
+65 6850 0112
Email
Related Services
Post
The Economic Footprint of JLR in the UK
This report examines the economic footprint of JLR in the United Kingdom in 2024. The analysis is conducted both at the national level, as well as on the West Midlands and North West regions, where JLR’s main facilities are located.
Find Out More
Post
Airbnb’s Economic Contribution to APAC in 2024: GDP, Jobs, and Regional Impact
Airbnb's platform connects hosts across Asia Pacific (APAC) with travellers from around the world. Oxford Economics was commissioned by Airbnb to quantify its economic footprint in 10 APAC markets in 2024.
Find Out More
Post
Economic Insights: Airbnb’s Contribution Through the Lens of Oxford Economics
Oxford Economics Australia delivered a tailored economic impact assessment for Airbnb, including GDP contribution modelling, job creation analytics, guest‑spend segmentation, and regional tourism dispersion insights to underpin Airbnb’s stakeholder communications and strategic growth initiatives.
Find Out More