Report Shows Aussies Spend More Money On Music Than US

Aussies love music, we already know this. But now, thanks to a new report we can see how much money the country has put into records and where we rank on the global scale. 

Earlier this year the International Federation Of The Phonographic Industry (IFPI) released its Recording Industry In Numbers and Music Business Worldwide found that on the list of countries who have spent the most money per capita on music in 2014, Australia sits comfortably in sixth position. 

Calculated in US dollars, Australia has spent $16.26 dollars per person and is positioned one place ahead of the US who spent $15.36 last year. 

Taking out first place by a large margin were our friends in Norway who spent an impressive $23.58 on music in 2014. 

See the top ten list below. 

1. Norway: $23.58 
2. UK: $20.81
3. Japan: $20.64
4. Sweden: $19.75
5. Germany: $17.42
6. Australia: $16.26
7. USA: $15.36
8. Austria: $13.56
9. Switzerland: $13.39
10. France: $12.76

Meanwhile, the report also found which countries spent the least money on music in 2014, and taking out the unfortunate top spot is China, who are the 19th biggest recorded music market in the world after generating just $105.2 million in 2014 and have a spend of only $0.07 per person. 

See the bottom ten countries below.

1. China: $0.07
2. India: $0.08
3. Mexico: $1.07
4. Brazil: $1.23
5. Spain: $3.87
6. Italy: $3.93
7. South Korea: $5.29
8. Canada: $9.74
9. Belgium: $9.93
10. Netherlands: $12.19

The news comes just a few weeks after it was found that Australia's live performance industry is booming, having contributed over a billion dollars to the country's economy in 2014.