Current:Home > MarketsThe Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million -MacroWatch
The Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million
View
Date:2025-04-18 09:13:30
While getting tickets to Taylor Swift's Eras Tour has been a challenge for fans around the United States, entire cities have reaped the benefits of her record-breaking performances over the past several months.
The six days of sold out Eras Tour shows in Los Angeles will bring an estimated $320 million increase to the gross domestic product of the city, according to a new study by the California Center for Jobs and the Economy.
The tour will also increase area employment in Los Angeles by 3,300 and local earnings by $160 million, while bringing in millions of dollars in tax revenue for the city and the state, according to the report. It will generate an expected $17 million in state income tax, $20 million in state and local sales tax, and $9 million in transient occupancy tax.
The estimate includes direct, indirect, and induced impacts and covers only economic activity from the six venue dates. For reference, the 2021 GDP of the Los Angeles metro area was over $1.1 trillion, according to the Federal Reserve Bank of St. Louis.
Eras Tour generating estimated economic impact on par with entire countries' GDP
The Los Angeles leg of the tour is part of a larger phenomenon across the country of Swifties boosting local economies.
One estimate from research firm QuestionPro suggests the tour could generate an economic impact of up to $5 billion, which would be more than the GDP of dozens of counties, World Bank data shows.
When Swift arrives in each city, not only do fans spend money on tickets, but outfits, merchandise, food, drinks, and travel expenses such as transportation and hotels.
More:Swifties' friendship bracelet craze creates spikes in Michaels jewelry sales on Eras Tour
Era' Tour goes global before returning to US
Swift began her tour in March 2023 in Glendale, Arizona, snaking across the country through 20 cities across 27 states. The tour has already broken records, including the most tickets sold in a day by an artist, at 2.4 million tickets.
More:Visualizing Taylor Swift Eras Tour's epic 44-song set list and tracking its surprise songs
While Los Angeles is the last U.S. show for 2023, Taylor Swift announced a second American tour leg last week. She'll perform in Miami, New Orleans, Indianapolis and Toronto in the fall of 2024.
Before that, she'll head to Mexico later this month before taking a break and restarting in South America in November. Swift will spend most of 2024 in Japan, Australia, Singapore and Europe.
Contributing:Yannick Peterhans
veryGood! (616)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- A retirement surge is here. These industries will be hit hardest.
- Army Reserve officers disciplined for 'series of failures' before Maine mass killing
- Hiker falls to death during storm on Yosemite’s iconic Half Dome
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Mindy Cohn says 'The Facts of Life' reboot is 'very dead' because of 'greedy' co-star
- Is the Great Resignation 2.0 coming? Nearly 3 in 10 workers plan to quit this year: Survey
- Harris plans to continue to build presidential momentum in speech to teachers union
- What do we know about the mysterious drones reported flying over New Jersey?
- The best 3-row SUVs in 2024 for big families
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- BMW recalls over 290k vehicles due to an interior cargo rail that could detach in a crash
- Powerhouse Fiji dominates U.S. in rugby sevens to lead Pool C. Team USA is in 3rd
- 16 and Pregnant Star Autumn Crittendon's Mother-in-Law Speaks Out After Her Death
- Travis Hunter, the 2
- Vermont opens flood recovery centers as it awaits decision on federal help
- 2024 Olympics: See Céline Dion Arrive in Paris Ahead of Her Opening Ceremony Performance
- U.K. police arrest 17-year-old in connection with last year's MGM cyberattack
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Inmate van escape trial starts for Tennessee man facing sexual assault allegations
Winter Olympics are officially heading back to Salt Lake City in 2034. Everything to know
ATV driver accused of running over 80-year-old man putting up Trump sign found dead
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Judge’s ruling temporarily allows for unlicensed Native Hawaiian midwifery
Mixed results in 2024 standardized tests for Louisiana students
'How dare you invite this criminal': DC crowds blast Netanyahu before address