Economic Impact | 08 Dec 2021
Assessing the economic, societal, and cultural benefits of YouTube in the EU
YouTube enables European content creators to reach a large domestic and international audience. This supports substantial economic value for those who earn income from the platform, for example as they are paid a share of the revenues from advertising placed alongside their videos. A YouTube presence can also help creators earn revenues from other sources, such as product sales, brand partnerships, or live performance engagements.
These revenue sources not only support jobs and income for the creators themselves, but also wider activity in supply chains, and through workers’ spending. In total, our economic modelling suggests that YouTube’s creative ecosystem contributed around €2.38 billion to the EU27 economy in 2020 and supported 142,000 full-time equivalent jobs.
In this report we outline our economic analysis, as well as the findings of wider survey research to investigate how YouTube can sustain careers for content creators; contribute to the success of the music and media industry; build skills and knowledge amongst users; help businesses grow; and promote cultural diversity. We also highlight how YouTube has proved helpful during Covid-19.
Alongside the findings from our economic modelling and surveys, we present a series of case studies to highlight the personal stories of successful European content creators.
About the team
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project included:
John Reiners
Managing Editor, UK & EMEA, Thought Leadership
John Reiners
Managing Editor, UK & EMEA, Thought Leadership
London, United Kingdom
James Lambert
Director of Economic Consulting, Asia
+65 6850 0125
James Lambert
Director of Economic Consulting, Asia
Singapore
James is the Director of Oxford Economics’ economic consulting services in Asia.
James moved to this role from Oxford Economics’ London office, where he headed up a team dedicated to exploring the economic impact of technology. He delivered high profile studies on the growth of the digital economy, the impact of automation and the implications for the labour market.
Prior to joining Oxford Economics, James spent over six years in the Government Economics Service. He worked in economics teams of the Cabinet Office, the Foreign and Commonwealth Office and the Department for Transport. There, he gained experience in microeconomic analysis and impact assessment as well as international macroeconomics, economic risk analysis and energy security. In the FCO, James spent three years working on economic issues in East and South East Asia. He also previously worked for the International Labour Organization.
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