Deloitte Study Reveals Colosseum's €1.4 Billion Annual Economic Impact
A recent Deloitte study presented at the Acquario Romano in Rome emphasizes the Colosseum's vital role in Italy's economy and society. This iconic site contributes €1.4 billion to the nation's GDP annually through tourism, with its social value estimated at nearly €77 billion. In 2019, over 7 million people visited the Colosseum. The report, "The value of an iconic asset," evaluated both ticket sales and related spending on food and accommodation. It suggests indirect use value exceeds €400 million, based on hedonic pricing. Interestingly, a survey found that 97% of respondents view the Colosseum as important, with 87% labeling it Italy's top cultural attraction. CEO Fabio Pompei highlighted the potential of Italy's rich cultural heritage for economic development, especially with PNRR funds.
Key facts
- Colosseum contributes €1.4 billion annually to Italy's GDP
- Social value estimated at €77 billion
- Over 7 million visitors in 2019
- Indirect use value over €400 million via hedonic pricing
- 97% of respondents consider Colosseum important
- 87% see it as Italy's top cultural attraction
- 92% believe it must be preserved
- 52% cite it as main reason to visit Rome
Entities
Artists
- Anton Giulio Onofri
Institutions
- Deloitte
- Deloitte Central Mediterranean
- Associazione Imprese culturali e creative
- Luiss Business School
- UNESCO
- Artribune
Locations
- Rome
- Italy
- Acquario Romano
- United Kingdom