Creative industries are boosting UK economy

In a report released on 13 January 2015 by the UK Department for Culture, Media and Sport, the contribution of creative industries to the UK economy has been measured in terms of employment, added value and exports. The main finding of the report is that the already significant contribution of creative industries to the economy has increased over the last years: between 1997 and 2013, employment in the Creative Economy has seen a rise “around four times greater than the 0.6 per cent increase each year in the number of jobs in the UK Economy.” Likewise, the growth value added of these industries has risen “by 5.8 per cent each year compared to 4.2 per cent in the UK economy.” Similarly, the services exported by creative industries, accounting for 8.8% of total UK services exports, have increased faster than for the other sectors.

Within the creative industries, the publishing sector, accounting for 231,000 jobs, grew by 1,4% annually between 2008 and 2013, reaching a gross added value of more than 9,9 billion pounds in 2013. Interestingly, this sector was the fastest-growing of the UK creative industries in terms of exports: “exports of Services from ‘Publishing’ grew by 28.0 per cent between 2009 and 2010, 20.6 per cent between 2010 and 2011 and 13.7 per cent between 2011 and 2012”.

The report can be accessed here.