The Canadian Live Music Association (CLMA), in collaboration with consulting firm Nordicity, released Hear and Now –the first-ever Economic Impact Assessment of the live music industry in Canada.
The research quantified the direct, indirect, and induced economic impacts of the live music sector, including the tourism and fiscal impact of the industry at the national level.
Hear and Now estimated that, in 2023 alone, live music industry operations and live music tourism combined generated:
- $10.92B in gross domestic product (GDP)
- $3.73B in tax dollars
- 101,640 full-time equivalent jobs (FTEs)
- $5.84B in labour income