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4147.4.55.001 - Culture and Recreation News, Mar 2014  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/03/2014   
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CULTURAL AND CREATIVE ACTIVITY SATELLITE ACCOUNTS


SUMMARY

Australian National Accounts: Cultural and Creative Activity Satellite Accounts, Experimental, 2008-09 (cat. no. 5271.0) was published on 10 February 2014. This publication presents experimental measures of the economic contribution of cultural and creative activity in Australia, within the context of a satellite account linked to the Australian System of National Accounts.

In 2008-09, cultural and creative activity is estimated to have contributed $86.0 billion (6.9%) to Australia's Gross Domestic Product (GDP) on a national accounts basis. Cultural activity is estimated to have contributed $50.1 billion (4.0%) to GDP, while creative activity contributed $78.3 billion (6.3%). The industries and occupations common to these two segments accounted for $42.4 billion (3.4%) - this common activity is counted only once in the combined account for cultural and creative activity.

The publication was made possible with investment funding by the federal and state and territory governments through the Cultural Ministers' Statistics Working Group. The ability to produce the satellite accounts for future reference years will depend on the availability of investment funds from stakeholders, as well as the continued availability of the various input data needed to construct the accounts.


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Commonwealth of Australia 2014

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