Luxury brands account for around 5% of European GDP

Valerie Charoux
Oct 2, 2025
2 min read

Luxury Brands News Europe - Luxury Brands account for around 5% of European GDP. Here is the impact of luxury brands on European financial markets and on its Tourism industry, as well as their share of European exports and the forecast value of Europe’s Luxury Brands market by 2030, according to a report by the European Cultural and Creative Industries Alliance and Bain & Company:

What is the share of Luxury Brands in Europe’s GDP?

Luxury brands account for around 5% of Europe’s GDP, representing a value of EUR 986 billion.

Moreover, European Luxury Brands contribute approximately 2% of the EU gross value added (GVA), representing a value of EUR 410 billion.

What is the share of European Luxury Brands in the global market?

European Luxury Brands represent a share of around 70% of the global market in 2024.

What is the impact of Luxury Brands in fostering the growth of European financial markets?

Luxury Brands foster the growth of European financial markets, with luxury stocks overperforming by four to six times the broader market over the long-term in Italy and France.

What is the economic forecast for the Luxury Brands market by 2030?

The economic forecast for the Luxury Brands market is steady growth, and the value of Europe’s Luxury Brands market is expected to reach between EUR 2,000 - 2,500 billion by 2030.

What is the share of European Luxury Brands in European exports?

The share of European Luxury Brands in European exports is around 11.5%.

What is the total employment generated by Luxury Brands in Europe?

The total employment generated by Luxury Brands in Europe accounts for around 2 million people in 2024, with 160,000 new jobs created since 2019.

What is the share of revenue generated by Luxury Brands in Europe’s Tourism industry?

The share of revenue generated by Luxury Brands in Europe represents up to 25% of the total value generated by the Tourism industry. Moreover, the European high-end and luxury sector acts as a catalyst for attracting high-spending tourists.

What is the share of investment by Europe’s Luxury Brands in innovation and sustainability?

The share of investment by Europe’s Luxury Brands in innovation and sustainability represents up to 3% of their annual revenues. Moreover, they also invest up to 5% in education and training.