Volume: 10 Issue: 6
In this issue: Four reports that examine the financial impacts of culture, including a Canadian study of cultural tourists, American reports on the performing arts and cultural industries, and an Italian study of the cultural economy.
This brief report examines the economic impact of travellers who attended cultural events, attended sporting events or participated in team sports in 2007. Regarding tourism receipts, the report indicates that tourists who attended cultural activities spent a total of $8.0 billion in 2007. Regarding net economic impact, cultural tourists generated $5.1 billion of economic activity, over 110,000 full-time jobs, and $419 million in government taxes (an estimate that does not include income taxes).
Research Note #102
This report examines the monetary and non-monetary value of the performing arts based on a number of different American data sources. The report finds that there are nearly 8,840 performing arts organizations in the United States (with at least one person on payroll). Collectively, these organizations had annual revenues of almost $13.6 billion and over 125,000 paid workers in 2007. Americans spent $14.5 billion on performing arts admissions in 2009. "On any given day, 1.5 million Americans attend arts performances, usually with family or friends."
Research Note #104
This research note provides information about the value added to the American Gross Domestic Product in 2009 from three key industries:
- Publishing (including software publishing) added $147.7 billion to the American economy.
- Performing arts, sports and museums contributed $70.9 billion.
- Motion pictures and sound recording added $59.8 billion to the American economy.
- Combined, these three industries contributed $278.4 billion.
A systemic and integrated vision
This study developed the "Florens Index" as a means to compare the cultural and creative sector between eight countries and between Italian regions. The U.S. ranked first on all four key elements, generating an overall index score of 3.45. The United Kingdom ranked second (index score of 3.10), followed by France (2.91), Italy (2.62), Germany (2.56), Spain (2.28), Japan (2.20), and Greece (1.62).