DCMS - Economic Value of Sport
Posted: Tue, 29 Dec 2020 13:57
This release provides estimates of the contribution of DCMS Sectors to the UK economy from 2010 to 2019, measured by gross value added (GVA). The results are not affected by the coronavirus (COVID-19) pandemic in 2020 as the latest year for which data is reported is 2019.
GVA is a measure of the increase in the value of the economy due to the production of goods and services. Its relationship to GDP is as follows:It puts sport at a 5.7% contribution to the DCMS total.Sport contributed £17.0bn in 2019, accounting for 0.9% of UK GVA. The GVA of Sport has increased by 2.9% between 2018 and 2019 and by 20.4% between 2010 and 2019, in real terms.The figures above are based on the standard definition of the Sport sector, which includes only SIC codes which are predominantly sport. A different measure of the sport sector, the Sport Satellite Account, is also reported in the tables published alongside this report. The Sport Satellite Account is a more inclusive approach to measuring the sport sector, as it tries to account for the underlying economic influence sport has on sectors which are not primarily sport. For example, GVA for the sport sector is estimated at £48.9 bn in 2019 based on the Sport Satellite Account. However, there are limitations with the Sport Satellite Account approach. Further information can be found in the technical report.