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Creative Economy
NEWS: Creative industries bring UK £76.9bn a year
updated
February 22, 2021
Published on:
January 13, 2015
January 5, 2021
creative industries deliver £76.9bn to UK
Above: Made in Dagenham, an original UK musical opened in a record year for the UK creative industries. Image credit: Alex James.
The UK creative industries were worth a record £76.9 billion to the UK economy in 2013, after growing by almost 10 per cent year on year. Official statistics from the Department of Culture, Media and Sport, show the industries made an economic contribution which equates to £8.8m per hour of Gross Value Added (GVA) or £146,000 a minute.
Growth in the creative industries was higher than in any other UK industry and was three times the average increase in the UK economy during the period.
The value of services exported by the creative industries was £17.3bn in 2012 or 8.8 per cent of total UK service exports. Between 2011 and 2012 the value of service exports from the creative industries increased by 11.3 per cent. This compares with an increase of 2.8 per cent for total UK service exports. The current international strategy for the UK targets an increase in the value of creative exports to £31bn by 2020.
The sectors, which include advertising, architecture, crafts, design, film, games, publishing, museums and galleries, music, technology and television, are an important source of job creation for the UK. Together, they accounted for 1.71m jobs in 2013 or 5.6 per cent of total UK jobs - a 1.4 per cent increase on 2012.
Above: industry figures applaud the performance of the UK creative industries.
Over the longer term, the number of creative industry jobs grew by an average of 3.9 per cent a year between 1997 and 2013, compared to the average growth of 0.6 per cent for jobs across the UK economy as a whole.
Sajid Javid, Secretary of State for Culture, Media and Sport, said:
"The UK’s creative Industries are recognised as world leaders around the globe and today’s figures show that they continue to grow from strength to strength. They are one of our most powerful tools in driving growth, outperforming all other sectors of industry and their contribution to the UK economy is evident to all.
“Government is determined to continue its support for this most dynamic of sectors as part of our long-term economic plan. The tax reliefs we’ve got in place and are extending to Children’s TV and orchestras have been instrumental in attracting inward investment, and are part of broad package of measures designed to ensure the continued success of the creative industries.”
