The Arts & Entertainment Industry: a very potential industrial activity in the EU, larger than wholesale and retail trade of motor vehicles, for instance!
In 2015, there were 1.2 million cultural enterprises in the EU, generating €200 billion of value added. In 2015, in terms of number of enterprises, the sector architecture, design and photography’ was the most important in the EU; in terms of value added, it was the audiovisual sector. In 2015, 80 % of people employed in the cultural sector in the EU worked in a small or medium-sized enterprise. In the EU overall, in 2015, around 1.2 million market-oriented businesses were recorded as belonging to a cultural sector as identified in SBS data (i.e. NACE divisions 90 and 91 not included). Representing 5 % of all enterprises in the non-financial business economy (NACE divisions B to N except K, and S95), cultural businesses accounted for 2.8 % of total Value added in the EU, or around EUR 200 billion. For the sake of comparison, this figure is higher than that for wholesale and retail trade and repair of motor vehicles and motorcycles (NACE G45, EUR 165 billion). The cultural sector’s turnover (the total value of market sales of goods and services) was around EUR 475 billion, which represented 1.7 % of the total turnover of the non-financial business economy.
Oct 07, 2018
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