Music Australia has published the second edition of The Bass Line report. It has found that between 2024–25, the Australian music industry generated $10.76 billion in revenue, contributing $4.28 billion in Gross Value Added (GVA) to the economy.

Photo © Matthew Jungling/Unsplash

This represents a marked increase (5.2 per cent) from The Bass Line’s first edition findings, which attributed the music industry’s 2023–24 revenue to $10.23b (reported originally as $8.78b, this figure has now been adjusted to include music education).

The major changes in this growth are attributed to a growth in music retail (+$48m), composition, songwriting and music publishing exports (+$29m) and synchronisation (+$2m). Live music GVA dropped by $36m, credited to an increase in major international touring acts such as Taylor Swift and Coldplay, as did music product exports.

State-based contribution to the GVA ranks NSW (36 per cent), VIC (30 per cent), QLD (16 per cent), WA (8 per cent), SA (5 per cent), TAS (2 per cent), ACT (1 per cent) and NT (<1 per cent).

Music education

The Bass Line has also found that music education is a huge economic force, generating $1.79b in revenue, contributing more to...