Economic contribution summary

Sydney WorldPride 2023 contributed $185.6 million in value added to the New South Wales economy, with associated employment of 1,699 full time equivalent (FTE) jobs.

Economic contribution studies provide a snapshot of the contribution of an entity or industry, or in this case Sydney WorldPride 2023, to the economy at a point in time. The headline contribution metrics are included in the table below.

Direct value added

The direct value added demonstrates the returns generated from the direct labour and capital inputs of event hosting operations, and businesses servicing visiting attendees and artists.

Indirect value added

The indirect supply chain effects from the demand for goods and services generated in other sectors as a result of direct economic activity associated with Sydney WorldPride 2023.

Further details on the approach are provided in Appendix 2.

Sydney WorldPride Limited and Sydney Gay and Lesbian Mardi Gras

The planning and hosting activity associated with Sydney WorldPride contributed $40.2 million in valued added to the New South Wales economy and supported 291 FTE jobs.

Attendees

Induced attendees contributed $141.0 million to the NSW economy and supported 1,366 FTE jobs through their expenditure on things such as accommodation, food and beverages, and shopping and transport.

Artists

Induced artists contributed $4.4 million to the NSW economy and supported 42 FTE jobs through their expenditure in NSW.

Volunteers

Volunteers contributed $2.4 million in foregone wages as a result of time spent participating in the festival. However, the value of volunteer time is not included in measures of the overall economic contribution of Sydney WorldPride.