Taylor Swift Named IFPI Global Recording Artist of 2014

Taylor Swift
Dave J Hogan/Getty Images

Taylor Swift is presented with the IFPI Global Recording Artist of 2014 Award during rehearsal for The BRIT Awards at The O2 Arena on February 23, 2015 in London, England. 

Taylor Swift has been crowned Global Recording Artist of the year by international trade group IFPI. The annual award honors the year's top artist across physical sales, downloads and streaming worldwide.

Released late last year, Swift's fifth album 1989 has sold over 8.6 million copies worldwide and has spent 11 nonconsecutive weeks atop the Billboard 200 chart. It has already produced two No. 1s on the Hot 100, including current leader "Blank Space" and leadoff single "Shake It Off."

Bruno Mars Scores Longest Hot 100 Reign, Taylor Swift Hits Top 10

One Direction, the topper on IFPI's 2013 list, came in at No. 2 this year. The UK/Irish band released their latest studio album Four in November, topping the Billboard 200 and becoming the first group to have their first four album debut atop the U.S. album chart.

Third place was claimed by English singer/songwriter Ed Sheeran, whose sophomore studio effort X was Spotify's most-streamed album of the year. The rest of the top 10 includes Coldplay, AC/DC, Michael Jackson, Pink Floyd, Sam Smith, Katy Perry and Beyonce.

The independently verified Global Recording Artist chart includes sales of albums -- across digital, CD and vinyl formats; singles, both downloaded and physical; on-demand audio streams and music videos. Only individual artists are eligible. IFPI notes that if the Frozen soundtrack had been recorded by a single artist, it would have topped the 2014 chart.

Watch Taylor Swift Sing 'Shake It Off' Backed By Paul McCartney

"Congratulations to Taylor Swift," said IFPI chief Frances Moore. "She merits this result as she is a hardworking and talented performer who has an amazing ability to connect with audiences worldwide. This IFPI award reflects the global popularity of recording artists across the diverse ways in which fans choose to listen to music today."

Top 10 Global Recording Artists 2014

1. Taylor Swift
2. One Direction
3. Ed Sheeran
4. Coldplay
5. AC/DC
6. Michael Jackson
7. Pink Floyd
8. Sam Smith
9. Katy Perry
10. Beyoncé