The UK exhibitions industry generated £11.5bn in total economic output in 2024, according to a report by Oxford Economics commissioned by the Events Industry Alliance.
The report states that the sector contributed £6bn to gross domestic product (GDP) and supported 126,000 jobs. Direct spending by organisers, exhibitors, and visitors amounted to £5.1bn. This spending supported 60,600 jobs and £2.7bn in GDP.
A total of 1,145 exhibitions were held across the UK in 2024, attracting 7.2m visitors and 132,000 exhibiting companies. The report calculates that each exhibitor generated £87,000 in total output, and each square metre of venue capacity produced £18,600 in economic activity.
The study also outlines indirect and induced impacts. Indirect impacts refer to supply chain spending, while induced impacts result from wages spent in the wider economy. The GDP multiplier for the sector was 2.09, meaning that for every £1 of direct GDP generated, an additional £1.09 was created through indirect and induced effects.
The report forms part of a global study covering 180 countries and aims to benchmark the UK exhibitions sector against international performance.
Source: www.exhibitionworld.co.uk
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