New Study on the Economic impact of Sport released by the European Commission

New Study on the Economic impact of Sport released by the European Commission

“Around every 47th Euro and every 37th employee in the EU are directly sport-related”

The European Commission released its second study on the Economic impact of sport through sport satellite accounts. The study aims at assessing the sport sector's macroeconomic importance in the EU, in particular its growth and employment potential. It demonstrates the fast-growing importance of sport sector in national economies. The analysis uses 2012 data and updates the original study published in 2012 which was based on 2005 data. The study can serve as a basis for sport organisations to showcase the benefits of investing money in the sport sector, including towards public authorities.

According to the conclusions of the study, the share of sport-related Gross Domestic Product within the EU is 2.12 % and amounts to € 279.7 bn. Furthermore, the share of sport-related employment amounts to 2.72 % of total EU employment, equivalent to 5,666,195 persons. Despite the economic and financial crisis between the two studies (data from 2005 and from 2012), the sport sector has continued to grow.

The researchers explain in the study that “Sport is an employment-intensive economic activity, therefore generating a greater sport share in employment than in GDP. In fact, an increase of GDP by 1 % goes hand in hand with an additional 1.35 % of employment”. Furthermore, as regard to GDP, statistics show that education services and sport services (sport facility operations, sport clubs, fitness facilities, and other sport services) are the two main sport-related GDP contributors, respectively 0.39 % (€ 51,237million) and 0.33 % (€ 43,075 million) of the EU’s GDP. Countries which economically benefit the most from sport are Austria, Germany, Poland and France.

The third part of the study analyses the economic effects and characteristics of sport in each EU Member State. Those data can be used by national sport organisations to stress the importance of sport in each country providing reliable figures on sport and sport industry’s contribution for example to employment and GDP.

More general comments are also made on the technical support to Belgium in their effort to create Sport Satellite Accounts (SSA) and recommendations towards a European SSA are also included.

The EOC EU Office considers the study as very useful and hopes that sport organisations will make great use of it along their discussions with public authorities to advocate for the added value of funding the sport sector. The timing of this publication seems ideal, just before the negotiations between the EU institutions on the Multiannual Financial Framework 2021-2027, which should include sport in several funding programmes.

The EOC EU Office is actively working for the EU institutions to take the existing evidence on the crucial role of sport as a driver for growth, employment and skills development, as well as for social cohesion into account in national and regional policy making.

FURTHER INFORMATION
Study on the Economic impact of sport through sport satellite accounts

Recent Posts

The EOC EU Office hosted the 2nd edition of the In-House Training for writing project proposals in the field of sport

From 18 to 20 June, the EOC EU Office hosted the participants of the second cohort of the In-House Training, aiming at building the capacity of European NOCs and Federations to develop, draft and submit project applications under the Erasmus+ programme and Pilot Projects and Preparatory Actions. The course began in April with the online […]

Read More
The submission phase for the #BeInclusive Awards is open

The next 2024 #BeInclusive Awards have opened for submission. Each of the three categories will reward a winner with EUR 10 000 and two finalists (ranked 2nd and 3rd) with EUR 2 500 each. The #BeInclusive – Promoting Gender Equality in Sport award will reward projects that empower and involve women and girls in sports, celebrating role […]

Read More
European Parliament Elections

From 6 to 9 June, the citizens of the 27 EU countries voted for their 720 representatives in the European Parliament (MEPs). The results show a significant increase in the number of far-right MEPs (+ 13 seats compared to 2019-2024, in addition to those outside of the set political groups who are expected to join the […]

Read More

Related Posts

June 21, 2024
The EOC EU Office hosted the 2nd edition of the In-House Training for writing project proposals in the field of sport

From 18 to 20 June, the EOC EU Office hosted the participants of the second cohort of the In-House Training, aiming at building the capacity of European NOCs and Federations to develop, draft and submit project applications under the Erasmus+ programme and Pilot Projects and Preparatory Actions. The course began in April with the online […]

June 14, 2024
The submission phase for the #BeInclusive Awards is open

The next 2024 #BeInclusive Awards have opened for submission. Each of the three categories will reward a winner with EUR 10 000 and two finalists (ranked 2nd and 3rd) with EUR 2 500 each. The #BeInclusive – Promoting Gender Equality in Sport award will reward projects that empower and involve women and girls in sports, celebrating role […]

June 14, 2024
European Parliament Elections

From 6 to 9 June, the citizens of the 27 EU countries voted for their 720 representatives in the European Parliament (MEPs). The results show a significant increase in the number of far-right MEPs (+ 13 seats compared to 2019-2024, in addition to those outside of the set political groups who are expected to join the […]

About us

The EOC EU Office is the House of European Sport, representing the European Olympic Committees (EOC), the IOC and other major sport organisations to the European institutions in Brussels.
CONTACT
crossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram