Arts and culture sector has key role in UK economy, finds report: The Arts Council England has today published its first analysis of the value of arts and culture to the national economy, finding that the sector has a turnover of �12.8bn.
The report, which was carried out by the Centre for Economics and Business Research (CEBR), finds that arts and culture make up 0.4 per cent of GDP – with a turnover of �12.8bn per annum.
The arts and culture industry employed, on average, 110,600 full-time employees in the UK from 2008 to 2011, representing about 0.45 per cent of total employment in the UK. Further, the sector pays nearly five per cent more than the UK median salary of �26,095.
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