Creative economy report : 2017 update economic policy department

Abstract

In 2016 the Cultural and Creative Industries (CCIs) accounted for 7% of the total gross value added (GVA) created by the Maltese economy, up from 6% in 2010 as indicated in the January 2017 report. To put this into perspective, this exceeds the direct contribution of the construction and civil engineering sector (4% of GVA) or the accommodation and food services sector (5% of GVA). The CCIs continued to grow at 6% in 2016, in line with the performance of the rest of the economy. In 2016 the CCIs also accounted for 6% of total full-time and part-time gainful employment. Because there is a predominance of part-time employment in the traditional arts sector of the CCIs, employment in full-time equivalent terms is estimated at 5% of total employment. The CCIs increased employment by almost 750 in 2016, following the significant increase of more than 3,600 between 2010 and 2015. During 2016, employment in the CCIs increased by a significant rate of 5%, in line with recent trends. Overall GVA per person employed in the CCIs in 2016 is estimated at €40,900 which is currently higher than what is on average generated in either manufacturing (€33,500) or services (€37,200).