In 2025, the total value of the Finnish music industry stood at approximately 1.4 billion euros. This figure includes both the core sectors – live music, copyright royalties, recordings, and industry subsidies – and the broader field of music education. The combined value of the core sectors amounted to 909 million euros, representing a 2.4 percent decrease compared to the previous year, while music education contributed an estimated 491 million euros.
Following a particularly strong year in 2024, the value of the live music sector declined by 3.8 percent to 630 million euros in 2025. The private sector accounted for 406 million euros (-2.4%), including clubs, concert venues, festivals, and other major events. The public sector contributed 224 million euros (-6.3%), covering symphony orchestras, the Finnish National Opera and Ballet, church music, and military bands.
The live music sector faced several challenges in 2025, including rising costs, an increase in VAT, and economic uncertainty affecting consumers' purchasing power. According to Teosto, the number of live music events decreased by 6.5 percent compared to the previous year. However, festival attendance remained relatively strong, reflecting continued public interest in live music. In the public sector, much of the decline was explained by a decrease in the reported value of church music, while the finances of symphony orchestras, the National Opera and Ballet, and military music remained relatively stable.
The recording sector continued to grow for the eleventh consecutive year, with its estimated retail sales value increasing by 3.3 percent to 139 million euros. Growth was driven by digital music sales, which increased by more than 5 percent and now account for approximately 95 percent of the recorded music market, with paid streaming representing the largest share. The share of domestic music in sales reported by IFPI Finland's member companies increased to 38 percent.
Copyright royalties also continued to grow, although more moderately than in previous years. Their total value increased by 1 percent to 123 million euros. Teosto's total revenue reached 92 million euros, while Gramex collected 28 million euros in royalties. Finnish music publishers also reported growth, particularly from international business.
Public and private funding for the music industry decreased significantly in 2025, falling by 10.8 percent to approximately 33 million euros. Public funding amounted to 15 million euros (-8.4%), while private funding totalled 18 million euros (-12.3%). The decline reflected cuts in public funding, changes in subsidy schemes, and annual fluctuations in grants awarded by private foundations.
In total, the value of the core sectors of the Finnish music industry amounted to 909 million euros in 2025.
In addition to the core sectors, music education continues to play a significant role in the overall valuation of the music industry. Its estimated value in 2025 was 491 million euros, remaining practically unchanged from the revised 2024 figure.
The estimate for 2024 has been updated from the previously reported 481 million euros to 491 million euros as more complete statistics have become available. The 2025 estimate remains partly based on data from previous years and will be updated retroactively as new statistics become available.
The overall value of the Finnish music industry is primarily based on reports and statistics published by umbrella organisations within the industry, supplemented by financial data from public institutions, educational organisations, and other sources.
To make the sector values comparable, some revenue streams have been converted into consumer values – that is, the prices paid by consumers for live music events or recordings, and fees paid by music users as royalties, including VAT where applicable. Payments from one industry sector to another, such as copyright royalties for live music, are included in the individual sector figures, but double-counting has been subtracted from the overall value.
Live music is divided into two categories: the private sector and the public sector. The private sector (406 million euros in 2025) includes clubs, stage performances, concerts, festivals, and other events, and is estimated based on the copyright royalties collected by Teosto. These royalties constitute approximately 3.5 percent of overall ticket sales, which are estimated to account for about 70 percent of the total revenue from live music events.
The public sector (224 million euros in 2025) includes symphony orchestras, opera and ballet, military music, and church music. Its value is based on the annual financial data of the main organisations and institutions.
The value of the recorded music industry (139 million euros in 2025) is based on statistics for the wholesale value (86 million euros in 2025), provided by Musiikkituottajat – IFPI Finland. The estimated consumer value, including the retail sales margin and VAT, is assumed to have grown in the same proportion (+3.3%) as the wholesale value compared to the previous year.
Copyright revenues are collected by the Finnish Composers' Copyright Society Teosto (92 million euros in total revenue in 2025) and Gramex, the copyright society for performing artists and producers of phonograms in Finland (28 million euros in collections in 2025). These collections are then distributed to the rights holders of musical works and recordings. Additionally, the overall copyright revenue calculation includes direct licensing and other copyright-related revenues reported by the Finnish Music Publishers Association, whose member companies recorded a combined turnover of 8.1 million euros in 2025. Payments within the sector have been subtracted from the sector's total value to avoid double-counting.
Public and private funding provides grants and subsidies to music professionals and organisations, totalling approximately 33 million euros in 2025. Public funding (15 million euros) mainly comes from the Arts Promotion Centre Finland, the Ministry of Education and Culture, Business Finland, and municipalities. Private funding (18 million euros) includes contributions from major private foundations, the Finnish Music Foundation (MES), and other funding bodies. Overlapping contributions and transfers within the industry have been deducted from the combined total.
The value of music education is estimated by gathering financial data from all levels of music education, from primary schools to doctoral studies. The overall assessment is based on information about the structure and providers of music education, with sub-sector data collected from educational institutions, official statistics, and other sources. At the time of publication, comprehensive data was available for 2021–2024 and partially for 2025. Therefore, some 2024 data has been used in the 2025 estimate, with updates planned as more recent statistics become available.
The combined value of music education in 2023 was 478 million euros, with an estimated value of 481 million euros for 2024.
The calculation includes the following areas:
- Vocational education and training – turnover data collected from educational institutions, with missing figures estimated based on the size of the music programmes
- Universities of applied sciences – estimates based on the funding of music programmes at eight institutions
- Universities and higher education – data collected from six universities offering education and research in music, music education, and musicology
- Primary and secondary schools – estimates based on the proportion of music lessons and total education expenditure
- Basic education in the arts – data collected from funding reports published by the Finnish National Agency for Education
- Liberal adult education – estimates based on music teaching hours and total expenditure at adult education centres, folk high schools, and summer universities
- Other business activities – estimates based on turnover data from Statistics Finland, with the music-related share calculated in previous industry studies