Current:Home > reviewsThe Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million -Mastery Money Tools
The Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million
View
Date:2025-04-25 08:09:23
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! (246)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Kim Zolciak and Kroy Biermann Reunite for Intimate 12th Anniversary Celebration Amid Divorce
- Man accused of spraying officers with chemical irritant in Capitol riot makes 1st court appearance
- South Carolina jumps to No. 1 in the USA TODAY Sports women's basketball poll ahead of Iowa
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Four stabbed on Louisiana Tech campus in 'random act of violence,' 3 hospitalized
- At least four people stabbed at Louisiana Tech University in Ruston; suspect in custody
- Jill Biden will lead new initiative to boost federal government research into women’s health
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- Can little actions bring big joy? Researchers find 'micro-acts' can boost well-being
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Jana Kramer and Fiancé Allan Russell Reveal Meaning Behind Baby Boy’s Name
- Negotiations to free hostages are quietly underway
- Jury in Breonna Taylor federal civil rights trial opens deliberations in case of ex-officer
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- Underdogs: Orioles' Brandon Hyde, Marlins' Skip Schumaker win MLB Manager of the Year awards
- Schools in a Massachusetts town remain closed for a fourth day as teachers strike
- Escaped circus lion captured after prowling the streets in Italy: Very tense
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Inflation eased in October as cheaper gas offset overall price increases
'Matt Rife: Natural Selection': Release date, trailer, what to know about comedy special
Free Krispy Kreme: How to get a dozen donuts Monday in honor of World Kindness Day
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Underdogs: Orioles' Brandon Hyde, Marlins' Skip Schumaker win MLB Manager of the Year awards
A 5-year-old child is raped. Mormon church stays silent. Then comes the truly shocking part.
Kevin Turen, producer of 'Euphoria' and 'The Idol,' dies at 44: Reports