According to the IFPI Global Music Report 2016, the United States’ music industry generated $4.9 trillion in 2015, ranking top in the world.
Japan’s music industry generated $2.63 trillion in 2015, ranking second behind the US. Meanwhile, South Korea’s music industry generated $266 billion in the same year.
The following are the 10 largest music industries in the world, according to data from the International Federation of the Phonographic Industry.
