- Luxury Daily - https://www.luxurydaily.com -

European luxury sector, at $880B in annual revenue, represents 4pc of EU’s GDP

As British as they come: Bentley Motors' Continental GT V8 convertible. Image credit: Bentley Motors As British as they come: Bentley Motors' Continental GT V8 convertible. Image credit: Bentley Motors

 

The luxury business contributes $880 billion in annual revenue to the European economy, making up 4 percent of European GDP, according to a new report from the European Cultural and Creative Industries Alliance (ECCIA) in association with Bain & Company.