Value of UK’s creative industries breaks £100bn mark for first time
The UK’s creative industries made a record contribution to the economy last year, surpassing £100 billion for the first time.
New figures released by the Department for Digital, Culture, Media and Sport also reveal that the creative industries have grown at nearly twice the rate of the economy since 2010.
In 2017, the value of the creative industries to the UK rose to £101.5 billion from £94.8 billion in 2016. This sector includes theatre, performing arts, film, TV and music, as well as architecture, design, games and museums.
The growth means the creative industries accounts for 5.5% of total UK gross value added. However, the creative industries’ GVA itself has increased by 53.1% since 2010.
This is nearly twice as fast as the UK economy as a whole, which recorded a 28.7% increase over the same period.
Culture secretary Jeremy Wright said the new statistics proved the creative industries were “at the heart of our economy”.
“Today they have broken the £100 billion mark and continue on a hugely positive upward trajectory, outperforming the wider UK economy and bringing joy and entertainment to millions,” he said.
Overall, DCMS sectors, which also include digital, gambling, sport, telecoms and tourism, contributed £267.7 billion to the economy in 2017, a figure that is also rising.
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