Within IFPI Data
Where IFPI's Global Numbers Come From
IFPI's headline figures come from label-supplied data, national industry checks, chart partners and currency conversion rules.
On this page
- Record company and national industry inputs
- Consumption partners and chart data
- Why exchange rates and restatement matter
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Introduction
IFPI’s global music market figures are only as credible as the data behind them. Because the organisation publishes a single set of worldwide recorded-music revenues covering dozens of markets, currencies and business models, it relies on a multi-layered verification process rather than a single data source. The headline numbers in the Global Music Report are built from revenue information supplied by record companies, checked through national industry networks, supplemented with consumption and chart data from specialist partners, and standardised through a defined currency-conversion methodology. IFPI describes this approach as the most complete picture of the recorded-music market because it combines commercial reporting with local verification and global consistency rules. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
Record Company and National Industry Inputs
The foundation of IFPI’s dataset is revenue information reported directly by participating record companies around the world. Rather than estimating market size from public streaming figures or consumer surveys, IFPI collects financial and market data from its member companies across individual territories. These submissions form the basis of national and global revenue calculations. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
Verification does not stop with the labels themselves. IFPI states that reported figures are checked through its network of country-level national groups and industry associations. This matters because music markets differ significantly in structure. Some are dominated by subscription streaming, others still have substantial physical sales, and reporting practices can vary by territory. National groups provide local knowledge that helps validate whether submitted figures align with market realities and industry records. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values… [IFPI]gmr.ifpi.orgabout reportGlobal Music Reportglobal music report 2026: premium editionIt includes the most complete and reliable picture of global recorded music r…
The process serves two purposes:
- It reduces the risk of double counting or inconsistent categorisation.
- It allows local experts to identify anomalies before figures are rolled into regional and global totals.
- It creates a common framework for comparing markets that operate under different commercial conditions. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
This verification layer is one reason IFPI positions its Global Music Report as an industry measurement exercise rather than a simple aggregation of publicly available platform statistics. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
How Consumption Partners Help Validate the Picture
Revenue data explains how much money entered the recorded-music market, but it does not fully explain how music was consumed. To improve accuracy, IFPI supplements financial reporting with detailed consumption information obtained from chart-provider and measurement partners. These partners track activity such as streaming volumes, downloads, album consumption and other market indicators. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
Consumption datasets are not the primary source for revenue totals, but they provide an important cross-check. If a market reports strong growth in streaming revenue, consumption trends can help confirm whether listening activity and subscriber behaviour moved in the same direction. Conversely, unusual revenue movements can be examined against chart and usage data to determine whether they reflect genuine market changes or reporting issues. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
The use of external measurement partners also helps IFPI produce more detailed market analysis. National rankings, format breakdowns and territory-level assessments depend on data that extends beyond company revenue submissions alone. By combining financial reporting with independent consumption measurement, IFPI aims to create a more granular view of the global recorded-music business. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
A useful distinction is that revenue data answers “how much value was generated?”, while chart and consumption data help answer “what activity produced that value?”. IFPI uses both to strengthen confidence in its market assessments. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
Why Exchange Rates and Restatement Matter
One of the least visible but most important parts of IFPI’s methodology concerns currency conversion. Recorded-music revenues are earned in local currencies across the world, yet IFPI publishes global totals in US dollars. Without a consistent conversion method, year-to-year comparisons could be distorted by exchange-rate movements rather than genuine market growth. [ifpicr.cz]ifpicr.czglobal music report 2026GLOBAL RECORDED MUSIC REVENUES GROW 6.4%…The IFPI Global Music Report 2026: Premium Edition is the definitive source of data for the g…
To address this, IFPI converts local-currency revenues using independently sourced exchange rates for the reporting year. It also restates historical local-currency values annually. As a result, previously published market values can change retrospectively when exchange-rate assumptions are updated. [ifpicr.cz]ifpicr.czglobal music report 2025Mar 19, 2025 — Figures released today in IFPI's Global Music Report 2025 reveal that total trade revenues reached US$29.6 billion in 2024…
This practice can surprise readers because historical figures are not always fixed forever. A country’s market may appear slightly larger or smaller in a later report than it did in an earlier edition even when no new revenue was earned. The change may reflect updated currency treatment rather than a revision of underlying business activity. [ifpicr.cz]ifpicr.czglobal music report 2026GLOBAL RECORDED MUSIC REVENUES GROW 6.4%…The IFPI Global Music Report 2026: Premium Edition is the definitive source of data for the g…
The approach has an important benefit: it allows growth comparisons to be made using a consistent currency framework. Without annual restatement, global trends could be heavily influenced by fluctuations in foreign-exchange markets rather than changes in music consumption or industry revenues. [ifpicr.cz]ifpicr.czglobal music report 2025Mar 19, 2025 — Figures released today in IFPI's Global Music Report 2025 reveal that total trade revenues reached US$29.6 billion in 2024…
What the Verification Process Achieves
The credibility of IFPI’s headline growth figures depends less on any single dataset than on how multiple datasets are combined and checked. Record-company submissions provide the raw revenue information, national industry groups verify local accuracy, chart and consumption partners add behavioural evidence, and currency rules ensure international comparability. [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values… [IFPI]ifpi.orgGLOBAL MUSIC REPORT 2026: GLOBAL RECORDED…Mar 18, 2026 — Global recorded music revenues grew 6.4% and reached US$31.7 billion in 2025…
This does not eliminate every limitation. Like any industry-wide measurement system, the results depend on the quality of reporting and the scope of participating organisations. However, the combination of company reporting, local verification, external consumption measurement and transparent exchange-rate treatment is the mechanism that allows IFPI to produce a single global estimate for recorded-music revenues and growth across more than seventy music markets. IFPI [Global Music Report]globalmusicreport.ifpi.orgMARKE TGlobal Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values…
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Endnotes
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Source: gmr.ifpi.org
Title: about report
Link: https://gmr.ifpi.org/about-reportSource snippet
Global Music Reportglobal music report 2026: premium editionIt includes the most complete and reliable picture of global recorded music r...
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Source: ifpi.org
Link: https://www.ifpi.org/global-music-report-2026-global-recorded-music-revenues-grow-6-4-as-record-companies-drive-innovation/Source snippet
GLOBAL MUSIC REPORT 2026: GLOBAL RECORDED...Mar 18, 2026 — Global recorded music revenues grew 6.4% and reached US$31.7 billion in 2025...
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Source: gmr.ifpi.org
Title: Global Music Report METHODOLOGY & SOURCES
Link: https://gmr.ifpi.org/downloads/IFPI_Global_Music_Report_2025_Methodology.pdfSource snippet
Global Music ReportMETHODOLOGY & SOURCES - Global Music Report - IFPIFigures are reported by the record companies to IFPI for the respect...
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Source: ifpicr.cz
Title: global music report 2026
Link: https://ifpicr.cz/global_music_report_2026Source snippet
GLOBAL RECORDED MUSIC REVENUES GROW 6.4%...The IFPI Global Music Report 2026: Premium Edition is the definitive source of data for the g...
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Source: globalmusicreport.ifpi.org
Title: MARKE T
Link: https://globalmusicreport.ifpi.org/downloads/GMR2026_Sample%20country%20page.pdfSource snippet
Global Music ReportUS$ values: Local currency values are stated at 2025 exchange rates. IFPI restates all historic local currency values...
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Source: ifpi.org
Link: https://www.ifpi.org/Source snippet
IFPIIFPI — Representing the recording industry worldwideAlmost 70 IFPI National Groups, local associations or affiliated music [licensing]({{ 'licensing/' | relative_url }})...
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Source: globalmusicreport.ifpi.org
Title: GMR2026 Methodology
Link: https://globalmusicreport.ifpi.org/downloads/GMR2026_Methodology.pdfSource snippet
& SOURCES - Global Music Report - IFPIAll charts are based on submissions from participating labels across the world, which are compiled...
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Source: ifpi.org
Link: https://www.ifpi.org/wp-content/uploads/2020/03/Global_Music_Report_2023_State_of_the_Industry.pdfSource snippet
IFPI – Global Music Report 2023 – State Of The IndustryOverall, recorded music revenues in the Australasia region rose by 8.1%, an increa...
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Source: ifpi.org
Title: GMR2025 SOTI
Link: https://www.ifpi.org/wp-content/uploads/2024/03/GMR2025_SOTI.pdfSource snippet
GLOBAL MUSIC REPORT 2025Mar 19, 2025 — Subscription [streaming revenues]({{ 'revenue-dbec50/' | relative_url }}) accounted for over 50% of global recorded music revenues in. 2024...
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Source: ifpi.org
Title: ifpi global music report global recorded music revenues grew 10 2 in 2023
Link: https://www.ifpi.org/ifpi-global-music-report-global-recorded-music-revenues-grew-10-2-in-2023/Source snippet
Global Recorded Music Revenues Grew 10.2% In 2023Mar 21, 2024 — Figures released today in IFPI's Global Music Report show that total trad...
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Source: ifpi.org
Link: https://www.ifpi.org/ifpi-amidst-highly-competitive-market-global-recorded-music-revenues-grew-4-8-in-2024/Source snippet
IFPI: AMIDST HIGHLY COMPETITIVE MARKET, GLOBAL...19 Mar 2025 — Figures released today in IFPI's Global Music Report 2025 reveal that tot...
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Source: ifpi.org
Title: GMR2026 SOTI
Link: https://www.ifpi.org/wp-content/uploads/2026/03/GMR2026_SOTI.pdfSource snippet
GLOBAL MUSIC REPORTMar 18, 2026 — These revenues grew by 6.4% in 2025, which was an improvement on the 4.7% rate of growth in 2024. TOP 1...
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Source: ifpi.at
Link: https://ifpi.at/website2018/wp-content/uploads/2018/12/gmr2016.pdfSource snippet
global music reportRecord labels and services have more touchpoints of data than ever before and are able to see instantly when and where...
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Source: ifpicr.cz
Title: global music report 2025
Link: https://ifpicr.cz/global_music_report_2025Source snippet
Mar 19, 2025 — Figures released today in IFPI's Global Music Report 2025 reveal that total trade revenues reached US$29.6 billion in 2024...
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Source: musikindustrie.de
Title: Global Music Report 2024 State of the Industry Final
Link: https://www.musikindustrie.de/fileadmin/bvmi/upload/05_Presse/05_Dokumente-zum-Download/2024/Global_Music_Report_2024_State_of_the_Industry_Final.pdfSource snippet
IFPI Global Music Report 2024 – State of the IndustryMar 21, 2024 — sourced directly from IFPI's record company members worldwide and ver...
Additional References
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Source: linkedin.com
Link: https://www.linkedin.com/posts/ricardocastanheira_global-recorded-music-revenues-hit-317b-activity-7440081735352016896-M0EASource snippet
Ricardo Castanheira's PostIFPI launched today its "Global Music Report 2026". Important findings: - Global recorded music revenues rose b...
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Source: omdia.tech.informa.com
Link: https://omdia.tech.informa.com/om129630/ten-straight-years-of-recordedmusic-growth-but-gains-have-slowed-and-the-threat-of-ai-is-looming-largeSource snippet
straight years of global recorded-music growth, but gains...Apr 4, 2025 — The international music trade body, the IFPI, has detailed a p...
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Source: musicbusinessworldwide.com
Link: https://www.musicbusinessworldwide.com/as-recorded-music-revenues-hit-31-7b-globally-ifpi-ceo-victoria-oakley-explains-the-opportunities-and-the-threats-ahead/Source snippet
As recorded music revenues hit $31.7B globally, IFPI CEO...20 Mar 2026 — Worldwide recorded music revenues reached USD $31.7 billion in...
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Source: completemusicupdate.com
Link: https://completemusicupdate.com/midia-shows-35-1-billion-in-global-recorded-music-revenues-but-what-does-that-number-actually-mean/Source snippet
MIDiA shows $35.1 billion in global recorded music revenuesMar 20, 2024 — Its analysis shows that global recorded music revenues reached...
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Source: promusicae.es
Title: ifpi global music report global recorded music revenues grew 90 in 2022 n436
Link: https://www.promusicae.es/en/news/ifpi-global-music-report-global-recorded-music-revenues-grew-90-in-2022-n436/Source snippet
global recorded music revenues grew 9.0% in 2022Mar 21, 2023 — 21st March 2023 – The global recorded music market grew by 9.0% in 2022, d...
Published: March 2023
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Source: wipo.int
Title: ifpi looks at a decade of digital transformation in the music industry 73661
Link: https://www.wipo.int/en/web/wipo-magazine/articles/ifpi-looks-at-a-decade-of-digital-transformation-in-the-music-industry-73661Source snippet
IFPI looks at a decade of digital transformation in the music...Apr 23, 2025 — [IFPI data]({{ 'ifpi-data/' | relative_url }}) shows that music industry revenue has doubled t...
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Source: completemusicupdate.com
Title: think you understand the music industrys revenue stats think again
Link: https://completemusicupdate.com/think-you-understand-the-music-industrys-revenue-stats-think-again/Source snippet
Think you understand the music industry's revenue stats...Mar 15, 2024 — UK wholesale streaming revenues are worth £962 million to the r...
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Source: linkedin.com
Title: breaking down 2025 global music report jonathan amable qerdf
Link: https://www.linkedin.com/pulse/breaking-down-2025-global-music-report-jonathan-amable-qerdfSource snippet
Breaking down the 2025 Global Music ReportGlobal revenue from recorded music reached USD 29.6 billion in 2024, representing growth of som...
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Source: billboard.com
Title: ifpi global report 2023 music business revenue market share
Link: https://www.billboard.com/pro/ifpi-global-report-2023-music-business-revenue-market-share/Source snippet
IFPI Global Report 2023: Music Revenues Rose to $26.2...Mar 21, 2023 — Total streaming revenues rose 11.5% in 2022, bringing the segment...
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Source: committees.parliament.uk
Link: https://committees.parliament.uk/writtenevidence/15428/pdf/Source snippet
Submission to the Digital, [Culture]({{ 'culture/' | relative_url }}), Media and Sport...IFPI promotes the interests of the international recording industry worldwide...
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