Cultural and creative industries are increasingly acknowledged as important components and drivers of growth in the modern, knowledge-based economy.
However, the cultural and creative industries are complex to define and the economic value remains difficult to measure—more difficult than many other industries which are more neatly characterised.
There is no universally accepted approach to the analysis and measurement of the economic value of the creative and cultural industries.
This paper examines the reports to date, compares their varying scoping and methodologies and makes recommendations for the consideration of the Meeting and Cultural Ministers Officials in order for the Statistics Working Group to continue and progress its work in this area.
This paper gives a detailed defination of cultural and creative indsutries and its economic value.
The economic contribution of cultural and creative activity is measured in four components:
- activity in the industries which form supply chains for cultural and creative goods and services
- activity in other industries performed by workers in cultural and creative occupations
- volunteer services to arts and heritage organisations, and
- non-market output of market producers in the cultural and/or creative industries—this captures the value of goods and services supplied by non-profit institutions for free, or at prices that are not economically significant, because the production is supported by charitable contributions and other transfers.