DCMS releases economic growth figures for the UK creative industries

By February 6, 2020 Press Releases

New Department for Digital, Culture, Media and Sport (DCMS) statistics have revealed that the DCMS sectors contribute £224.1 billion to the UK in 2018, accounting for 11.7% of UK GVA (expressed in current prices). This is a real-terms increase of 7.0% since 2017. The digital sector is now worth more than £400 million a day to the UK economy.

The Creative Industries contributed £117.7 billion to the UK economy in 2018, up 7.4% from the previous year, meaning growth in the sector is more than five times larger than growth across the economy as a whole.

All sectors within the creative industries reported real-term growth, with particularly high growth for the creative tech industry (including games) at 10.3%. The creative industries now make up 5.8% of the UK economy.

Digital Minister Matt Warman said:

“Technology is a sweet spot of our economy, bringing jobs and wealth across the country.

“The success is thanks to our business friendly environment and fantastic workforce.

“We are working hard to continue this momentum by strengthening regional tech clusters supporting digital businesses and investing in people’s digital skills.”

To read the DCMS press release in full, please follow this link https://www.gov.uk/government/news/digital-sector-worth-more-than-400-million-a-day-to-uk-economy.


We use cookies on our site to track activity and visitor numbers - please help us by allowing us to use them on your visit.