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The economic value of cultural and creative activity
The Bureau of Communications and Arts Research (BCAR) has released new analysis showing cultural and creative activity contributed $111.7 billion to Australia’s economy in 2016-17.
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19 October 2018
Cultural and creative activity relates to the arts, media, heritage, design, fashion and information technology.
The BCAR’s new working paper, Cultural and creative activity in Australia 2008-09 to 2016-17, shows a 30% increase in the value of cultural and creative activity, from $86 billion in 2008-09 to $111.7 billion in 2016-17. This equates to 6.4% of Australia’s Gross Domestic Product (GDP) in 2016-17.
Activities contributing the most to the economy were design ($42.8 billion), fashion ($14.2 billion), and broadcasting, electronic or digital media and film ($9.7 billion) in 2016-17.
An analysis showing cultural and creative activity contributed $111.7 billion to Australia’s economy in 2016-17.
Cultural and creative activity relates to the arts, media, heritage, design, fashion and information technology.