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How much is the fashion industry worth?

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Quick Answer

In 2014 the global apparel industry was valued at more than $1,162 billion, representing growth of about 2.2 percent from 2013. The apparel industry is made up of clothing, luxury goods like handbags, accessories, footwear and textiles.

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Full Answer

The global womenswear industry makes up the largest portion of the fashion industry market value. It was projected to grow by 12 percent in 2014, bringing in approximately $621 billion. The menswear industry was forecasted to bring in $402 billion in 2014.

In 2013 U.S. retail sales of fashion apparel were more than $360 billion. In support of this demand in the U.S. and around the world, the fashion industry employs approximately 4.2 million people as of 2014.

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