U.S. Music Industry Generates $211.8 Billion in GDP: State-by-State Impact Revealed
The U.S. music industry contributed $211.8 billion to the nation's GDP in 2020, representing 0.9% of the total economy and showing an 18% increase from 2017.
Aerial view of LA skyline
State-by-State Breakdown (2020):
- California: $51.4 billion (1.5% of state GDP)
- New York: $24.9 billion (1.3% of state GDP)
- Florida: $9.3 billion
- Texas: $8.2 billion
- Tennessee: $7.5 billion (1.7% of state GDP, highest percentage)
State-by-state music industry GDP map
Employment Impact:
- Total jobs supported: 2,539,280 (increase of 373,737 from 2017)
- Top 5 states account for 43% of music industry employment
Industry Earnings Growth (2017-2020):
- Musical instruments, audio/video equipment, software manufacturing: 43% increase to $8.26 billion
- Agents, managers, promoters, artists: 17.8% increase to $60 billion
- Music production and distribution: 13.2% increase to $36.03 billion
- Music schools: 10.7% increase to $116.12 million
- Retail establishments: 2.1% increase to $5.86 billion
The data comes from an RIAA report utilizing sources including the Census Bureau, Bureau of Economic Analysis, and private sector contributions from independent labels, venues, PROs, and music museums.
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