The events industry contributes £58.4bn to UK GDP, according to MPI’s UK Economic Impact Study (UKEIS), which was released at The Meetings Show today.
The long-awaited report revealed that the meetings industry is worth £58.4 billion to the UK’s gross domestic product (GDP) – three times greater than the agricultural sector.
The industry contributes £21.1bn in taxes and is the UK’s 16th biggest employer with 515,423 people.
More than 1.3m meetings were held in the UK in 2011, attended by 116m people who spent almost £40bn.
The research was commissioned by the MPI Foundation to determine the economic value of the sector using internationally-recognised methods.