Symbola Report: Italy's Cultural Sector Generates 17% of GDP

The Symbola report 'Io sono cultura 2016' reveals that Italy's cultural and creative system is valued at nearly €90 billion, with a multiplier effect generating an additional €160 billion in revenue. The sector employs 1.5 million people across over 400,000 enterprises, contributing 17% to national GDP. For the first time, Confindustria invited the Minister of Cultural Activities to its general assembly, highlighting the economic impact of culture. Transparency and accountability are emphasized, with accountants playing a key role. The Order of Milan has established a commission on the Economics of Culture, planning a conference on the art market in September. Federculture has assembled a team of experts to address financial and tax challenges for cultural operators. Brexit is seen as an opportunity for Italy to boost its cultural system, creating an attractive and economically favorable environment. Professionals, especially accountants, are urged to take on a social and political role, leveraging their economic, legal, and strategic knowledge to build a modern, efficient, and transparent cultural system.