Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

FIA study reveals motorsports €160bn economic impact

by Ryan Wood
4 years ago
A A
FIA’s reaction to bendy wing saga ‘not acceptable’ – McLaren

FIA Logo

Share on FacebookShare on Twitter

Motorsports governing body, the FIA, has commissioned a study into motorsports economic and social impact, revealing a total gross output of €160 billion annually.

The study, conducted by EY-Parthenon, found in addition to a gross output of €159.2bn, the sector supported 1.5 million paid jobs and a further 302,000 volunteers.

The study relies on extensive primary market research over 20,000 surveys completed by participants – local clubs, venue operators, global commercial rights holders, national promoters and team managers, existing data sources – official FIA data, World & Regional Championships, International Series, FIA graded venues, and consultation of over 50 industry stakeholders.

The main findings of this research are the following:

RelatedPosts

Charles Leclerc failed to finish the Dutch GP

Ferrari explains pitstop that exposed Charles Leclerc to race-ending F1 Dutch GP clash

36 minutes ago
Isack Hadjar celebrates his maiden F1 podium and perhaps strengthening his chances of a Red Bull seat

Red Bull quizzed on Isack Hadjar’s promotion prospects after maiden F1 podium

2 hours ago

€159.2B TOTAL ANNUAL GROSS OUTPUT – The market value of goods and services produced by the motor sport industry plus the flow-on, or multiplier, effects of the direct expenditure throughout the economy. For example, money spent at restaurants by event attendees is allocated between the additional material inputs, food and drink, wages, and profits of the proprietor. Wages spent by the employees of the restaurant (e.g. on household items) circulate the money throughout a broader section of the economy creating indirect benefits.

€66.9B TOTAL VALUE ADD – The market value of goods and services produced by the motor sport industry plus the flow-on, or multiplier, effects of the direct expenditure throughout the economy.

1.5M TOTAL PAID JOBS – The number of paid jobs (full time, part time and casual) directly supported by the motor sport industry

302,000 FORMAL (UNPAID) OFFICIALS, MARSHALS AND VOLUNTEERS

2.7M MOTOR SPORT PARTICIPANTS (competitors’, ‘officials, marshals and volunteers’)

60,700 EVENTS

7,200 FACILITIES, TRACKS, AND VENUES

21,600 LOCAL MOTOR SPORT CLUBS

FIA president Jean Todt called the results of the study remarkable: “This report reveals that motor sport industry represents 160 billion euros total annual gross output and 1.5 million total paid jobs,” he said.

“This is remarkable and it demonstrates that our sport efficiently contributes to the rebound of the economy in Covid-19 times. I thank EY-Parthenon, our Member Clubs, FIA championships promoters and all those who have participated in this global interest study.”

The full report can be read here.

Tags: F1FIAMotorsport
Share213Tweet133Share

Related Posts

Charles Leclerc failed to finish the Dutch GP
Formula 1

Ferrari explains pitstop that exposed Charles Leclerc to race-ending F1 Dutch GP clash

36 minutes ago
Isack Hadjar celebrates his maiden F1 podium and perhaps strengthening his chances of a Red Bull seat
Formula 1

Red Bull quizzed on Isack Hadjar’s promotion prospects after maiden F1 podium

2 hours ago
McLaren dominated proceedings again in the Dutch GP
Formula 1

Mercedes claims McLaren ‘humiliated’ F1 rivals in Dutch GP

3 hours ago
Load More

Discussion about this post

Upcoming Races

#EventDate
15Dutch GP29-31 August
16Italian GP05-07 September
17Azerbaijan GP19-21 September
18Singapore GP03-05 October
19United States GP17-19 October

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri309
Lando Norris275
Max Verstappen205
George Russell184
Charles Leclerc151
Lewis Hamilton109
Andrea Kimi Antonelli64
Alexander Albon64
Nico Hulkenberg37
Isack Hadjar37

Click here for full Drivers’ Standings

Latest Articles

Charles Leclerc failed to finish the Dutch GP
Formula 1

Ferrari explains pitstop that exposed Charles Leclerc to race-ending F1 Dutch GP clash

September 2, 2025
Isack Hadjar celebrates his maiden F1 podium and perhaps strengthening his chances of a Red Bull seat
Formula 1

Red Bull quizzed on Isack Hadjar’s promotion prospects after maiden F1 podium

September 2, 2025
McLaren dominated proceedings again in the Dutch GP
Formula 1

Mercedes claims McLaren ‘humiliated’ F1 rivals in Dutch GP

September 2, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd