GB&I golf worth more than £5bn

Tania Longmire
By Tania Longmire February 14, 2013 16:33

GB&I golf worth more than £5bn

Golf is worth £5.25 billion to the British and Irish economies, according to a new survey.

The study also found that the average European golfer spends £1,642 per year on the game, £5 less than the average Australian and £80 less than the average American golfer.

The report, commissioned by the Professional Golfers’ Association (PGA), and produced by SPORTS MARKETING SURVEYS INC, found that 41 per cent of the money generated from the game in Europe goes to Britain and Ireland. In total, golf is worth just under £13 billion to Europe’s economy.

Key economic findings across the 27 European Union nations plus Norway and Switzerland, which represent a combined population of 510 million, show the sport is responsible for a minimum of 180,000 full time jobs and employee wages of £3.8 billion.

While the well-documented economic downturn has hit popular European golf destinations such as Spain and Portugal, golf tourism still contributes £1.29 billion of the annual impact.

PGA chief executive Sandy Jones commented: “Golf plays a significant role both in its economic impact and also in delivering social, behavioural and sporting benefits with the PGA professional firmly at the centre of the golf industry.

“In addition golf is also a huge contributor to charitable causes in Europe and last year generated more than £73 million supporting a range of good causes.”

 

Tania Longmire
By Tania Longmire February 14, 2013 16:33
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6 Comments

  1. Golfing Journalist (@AlDunsmuir) February 14, 16:35

    Now you know: The average European golfer spends £1,642 pa on the game, £5 less than an Aussie & £80 less than a Yank http://t.co/BxRjbLdq

    Reply to this comment
  2. 19th Hole Social (@19th_holesocial) February 14, 17:34

    #Golf #Panthersocial GB&I golf worth more than £5bn – Golf is worth £5.25 billion to the British and Irish economies… http://t.co/16Ls0OT8

    Reply to this comment
  3. Adrian Stiff February 14, 18:17

    I dont think the average golfer from the UK spends £1642 per annum, though a typical member might be that amount. They must spend an awful lot more in Europe. Hard to know what they are including including in that survey. A lot of ‘golfers’ only play half a dozen or so times a year.

    Reply to this comment
  4. SMS Inc. (@SMSInc_UK) February 18, 10:49

    Golf is worth £5.25 billion to the British and Irish economies, according to a new survey. http://t.co/lPeARrw7

    Reply to this comment
  5. Mark Goodwin February 19, 15:42

    Any info that would help put this in perspective? How much does the average European/Brit spend on other sports (i.e. Football). What other industry or market is of a comparable size?

    Reply to this comment
  6. @AlanBough February 19, 16:51

    » GB&I golf worth more than £5bn http://t.co/1GktCyBR

    Reply to this comment
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