The first-ever Unesco music award given in the city was given to the group responsible for Liverpool's entry in the Eurovision Song Contest.
To honor those who have made outstanding contributions to the local music industry, Liverpool has established the Unesco City of Music Award.
The award will be presented at a later ceremony at Liverpool Town Hall to the European Broadcasting Union (EBU), the event's organizers, and the BBC, the event's host broadcaster.
The city council reported that it was the most watched Eurovision final in the annals of the UK.
Sense of Sound provided the event's musical entertainment, singing songs by The Beatles and Euphoria, the iconic Eurovision entry.
After a 10-day extravaganza that drew in 250,000 visitors, the song was performed at the final to close the host city's Eurovision Village.
The first two weeks of May saw an increase of 500,000 visitors, according to the Liverpool City Council, who estimated that this contributed millions of pounds to the local economy.
The results of a thorough analysis of the effects of the Eurovision Song Contest are currently being completed, and they should be made public in July.
With her soaring pop anthem Tattoo, Sweden's Loreen took home the contest's second victory.
Harry Doyle, the city of Liverpool's cabinet member for culture, said: "We never had any doubt that the BBC would put on an incredible show at the arena, and the record-breaking viewing figures are testament to their achievements. But what is really special is how they, and the EBU, embraced the city, they got to know our story and our heritage, and they helped us showcase the very best of Liverpool to the world. ".
Steve Rotheram, the mayor of Liverpool City Region, continued, "With more number one hits than any other city, it's safe to say that Liverpool wouldn't be Liverpool without music, and Liverpool wouldn't be music without Liverpool.
"While few places can say they have had the same influence on world music as we have, I believe the real reason we won the bid to host Eurovision was because, quite simply, nobody can throw a party like we can.
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