In which countries does the music business contribute most to the economy?

Which country has biggest music industry?

The United States

The United States has remained the biggest market for recorded music in IFPI history, except in 2010 when Japan topped the list. The largest Asian music market, Japan has always stayed within the top two.

What is the greatest contribution of music in the economy of the country?

Music boosts the tourism sector of many countries. Tourism is an important sector of the economy of many countries. It provides huge income and enables a country to attain international recognition.
 

How much does the music industry contribute to the economy?

$170 billion

The report finds the music industry creates $170 billion in value annually to U.S. GDP, supports 2.47 million jobs across a wide range of professions, and accounts for $9.08 billion in export sales.

What is the contribution of music industry?

A vibrant music economy drives value for cities in several important ways. It fuels job creation, economic growth, tourism development and artistic growth, and strengthens a city’s brand. A strong music community also attracts highly skilled young workers in all sectors for whom quality of life is a priority.

Where is the most money in music industry?

10 Highest Paying Music Industry Careers

  1. Game Audio Designers. Salary: $80,838 a year.
  2. Music Producers & Directors. Salary: $79,000 per year.
  3. Agents & Business Managers.
  4. Music Professor.
  5. Sound Engineering Technicians.
  6. Film & Video Editors and Camera Operators.
  7. Musicians & Singers.
  8. Music Directors & Composers.

Where is the capital of the music industry?

Depending on who you ask, Austin has been known as the Live Music Capital of the World for about four decades, with the city officially adopting the nickname in 1991.
 

What 3 countries influence popular music today the most?

I’ve always thought that objectively, the three countries that have influenced (modern) music worldwide the most would be the US, UK and Jamaica. Not really sure how I’d rank other countries after that.
 

Which countries are best for music production?



The United States, United Kingdom, and Canada rank highly on the list of the 12 countries that produce the best music in the world, being home to many of the most iconic music acts of all time. If the world has a single universal language, it is music, which is produced and enjoyed in every corner of the planet.
 

Which country is best in music?

The United States, United Kingdom, and Canada rank highly on the list of the 12 countries that produce the best music in the world, being home to many of the most iconic music acts of all time.
 

What is the top music industry in world?

The U.S. is the top music market in 2021, followed by Japan, the U.K., and Germany. Universal Music Group is the world’s largest record company, earning 32.1% of the global streaming and physical music industry’s revenue in 2020.
 

Is K Pop the biggest music industry?

As of 2019, Korean popular music is ranked at number six among the top ten music markets worldwide according to the International Federation of the Phonographic Industry’s “Global Music Report 2019”, with BTS and Blackpink cited as artists leading the market growth.



K-pop
Cultural origins 1940s, South Korea