EU’s ministers of Sport reinforce the economic dimension of the Sport and Physical Activity Sector

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economic dimensions of sport and its socio-economic benefits

Member States’ ministers for Sport adopted conclusions on the economic dimensions of sport and its socio-economic benefits. The aim of the conclusion is to recognize sport as a driver for growth and jobs, as well as a means to improve the health and social conditions of citizens. Furthermore, the ministers held a public debate on the major sporting events as drivers for innovation. With the document, member states stress the need for harmonized data from the member states which is being addressed with the nine national Sport Satellite Accounts (SSAs) across the EU.

Furthermore, the Council recognised the health economic effects of physical activity, the recognition of the additional benefit of voluntary work, the contribution of innovation to enhancing growth potential and the analysis of the impact of sport-related projects on regional development. These dimensions are not yet sufficiently addressed and the Council invites the European Commission and the Sport movement to contribute to fill the lack of data.

The European health & fitness sector is largely contributing to the European dimension in Sport with over 60 million consumers, it generates 26.6 billion Euro in revenues and employs 650,000 people, and consists of 59,055 facilities. Alongside its significant economic contribution, the sector has a major role to play in making a more active and healthy Europe.