What is the Economic Impact of Sport?

In May 2018, the European Union released a comprehensive study detailing the economic impact of sport across its 28 Member States.

Based on the Sport Satellite Accounts of member states and using data from 2012 as the basis for the study, results show that sport-related Gross Domestic Product (GDP) was nearly 280 billion Euro, or 2.12% of total GDP within the EU. In addition, nearly 5.7 million employees could be attributed to sport. In other words, around every 47th Euro and every 37th employee in the EU are directly sport-related.

Austria, with its mountains, lakes and wealth of outdoor activities, leads the way, with over 4% of its GDP and more than 5.5% of its employment coming from sport. On the other end of the spectrum, Latvia only accrues 0.64% of its GDP via sport, while Romania only has sport-related employment to the tune of about 1.2%.

Of use for both practitioners and researchers, the full study can be found here.