European Commission - Enterprise and Industry

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Sport as a growth engine for EU economy Published on: 19/06/2014, Last update: 20/06/2014

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Sport is an important economic sector in the EU in its own right, with a share in the national economies which is comparable to agriculture, forestry and fisheries combined.

Moreover, its share is expected to rise in the future. Overall the sports sector accounts for 2% of the EU global GDP, while the total employment generated by sports activities is 7.3 million-equivalent to 3.5% of the total EU employment. Despite these impressive figures, the economic impact of the sport-related industries is often underestimated.

To underpin the role of sport-related industry as an economic driver, a High Level Meeting of stakeholders on the impact of sport and sport-related industries took place in Brussels. The meeting was aimed at taking stock of the progress made since the first meeting of the European Sport Industries on 21 January 2014. Furthermore, the meeting offered the opportunity to present an industry-led Action Plan on the economic impact of sport and sport-related industries. The meeting highlighted the role of sport as a powerful lever for innovation, industrial competitiveness and employment.

Press memo