Economic impact of the activities that take place at the Circuit Ricardo Tormo on the Valencian Community

The aim of this report is to estimate the economic impact on the Valencian Community of the competitions and other activities that will take place at the Circuit Ricardo Tormo in 2025.  This impact is estimated in terms of turnover (sales), gross value added (income=GDP) and employment. The standard input-output methodology is used in this project with the latest input-output table available for the Valencian economy, developed by the Valencian Statistics Institute (IVE) and updated by the Ivie.

This allows to quantify the impacts on production (sales), income and employment generated by the events scheduled at the Circuit Ricardo Tormo in the Valencian Community. The report includes the joint impact of all the events organized by the Circuit in 2025. Finally, the study will conclude by estimating the tax return that the Public Administration will receive as a result of the Circuit’s activity from the quantification of the tax revenues obtained by the public sector through various taxes (including social contributions), associated to production, exchange, employment or income generation.