Value added of culture

Updated: 17 Oct 2018
Next update: 17 Oct 2019

The share of culture in gross value added describes the direct economic significance of the industries of culture and the mass media. The data derive from a separate calculation carried out in the framework of Statistics Finland’s system of national accounts, the so-called Culture Satellite Accounts. The calculation includes 58 industries that are regarded to be partly or wholly cultural.

   

Share of cultural fields in employment in the national economy was still falling, but the share of value added was growing slightly in 2016

In 2016, the share of culture in the economy was slightly bigger than in the year before, or 3.0 per cent of gross domestic product (2.9 per cent in 2015). In previous years, the tendency has been falling both in production and especially in employment. The direction appears to have turned for production, although in employment the share of culture continues falling. The games industry also grew in 2016, even though the growth rate seems to have slowed down clearly. Most of the activity of the games industry remains outside the limitations of the actual culture satellite, but separate calculations have been made on the games industry for this release.

Measured in current prices, the value added of culture was in 2016 clearly higher than in 2015, but the share of culture in the value added of the whole economy grew only slightly, because the value added of the entire economy also grew. In many industry groups, value added was either unchanged or had grown slightly and somewhat bigger growth was visible particularly in the industry groups ‘publishing and retail sale of books’, ‘recorded media’ and ‘arrangement of cultural events’. On the other hand, a clear decrease was visible in the industry groups related to the manufacture and sales of entertainment electronics, and radio and television.