Motor Sport: a global turnover of €159bn generated in 2019 and 1.5 million paid jobs

The global turnover of motor sport amounted to €159.2bn in 2019, according to the Fédération Internationale de l'Automobile on 06/07/2021. The FIA commissioned the consultancy firm EY-Parthenon to conduct a global study to measure the economic and social impact of motor sport in 145 countries.

"This study highlights the importance of this sport industry, which is evaluated directly and indirectly at €160bn total gross output annually and 1.5 million total paid jobs. It demonstrates that motor sport contributes to the rebound of the economy in Covid-19 times," explained the FIA.

This €159.2bn in turnover corresponds to "the market value of goods and services produced by the motor sport industry plus the flow-on, or multiplier, effects of the direct expenditure throughout the economy." The direct contribution of the global motorsport industry was estimated at €59.2bn, while the indirect returns amounted to €99.84bn in 2019.

To download EY-Parthenon's "A report on the Global Contribution of Motor Sport to Economy and Community Development" commissioned by the FIA click here

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