UK Cultural Sector Revenue Grows Despite Brexit Uncertainty
The UK's cultural sector contributed £27 billion to the economy in 2015, up a third from five years earlier, according to data from The Stage. The sector now accounts for 1.6% of the country's economy, growing 15% between 2014 and 2015—the fastest growth of any sector monitored by the Department for Culture, Media and Sport. Tourism grew only 3.3%, while sport declined 1.5%. International cultural exports rose from £27.6 billion in 2013 to £31 billion in 2014, representing 2.5% of total UK exports. The data predates the 2016 Brexit referendum, so it does not reflect post-referendum reactions. The report covers broad cultural activities including theatre and visual arts.
Key facts
- Cultural sector contributed £27 billion to UK economy in 2015
- Growth of one third compared to five years earlier
- Sector accounts for 1.6% of UK economy
- 15% growth between 2014 and 2015
- Fastest growth of any sector monitored by Department for Culture, Media and Sport
- Tourism grew 3.3%, sport declined 1.5%
- International cultural exports rose from £27.6 billion (2013) to £31 billion (2014)
- Cultural exports represent 2.5% of total UK exports
Entities
Institutions
- The Stage
- Department for Culture, Media and Sport
Locations
- United Kingdom
- Great Britain