Growth Sector Briefing - Creative Industries



Growth Sector Briefing - Creative IndustriesOffice of the Chief Economic Adviser23 September 2021Growth Sector DefinitionScotland’s Creative Industries were identified in Scotland’s Economic Strategy as one of the growth sectors in which Scotland can build on existing comparative advantage and increase productivity and growth. For more information on the details of the SIC codes used to define this Growth Sector, please see the Creative Industries SIC 2007 definition in the Growth Sector Statistics Database and the Growth Sector Statistics Methodology Note.Key StatisticsRecent trends in GDP (2021 Q2)Updated September 2021, next update December 2021The latest GDP data show that output in the Creative Industries growth sector increased by 0.3% in the most recent quarter, whereas output across the economy as a whole increased by 4.7%. Compared with the same quarter in the previous year, output in this sector increased by 13.3%, whereas output across the economy as a whole increased by 21.7%, comparing Q2 2021 to Q2 2020.Employment (2019)Updated December 2020, next update December 2021Employment in the Creative Industries growth sector stood at 90,000 in 2019, accounting for 3.5% of employment in Scotland and 5.6% of employment in Creative Industries across Great Britain. Employment in this sector increased by 3.4% over the latest year in Scotland.Employment across Scotland (2019)Updated October 2020, next update December 2021In 2019, employment in the Creative Industries growth sector was highest in Glasgow City (22,140) and City of Edinburgh (19,075), which comprised 24.6% and 21.2% of employment in this sector respectively.Exports (2018)Updated February 2020, next update tbcTotal exports from the Creative Industries growth sector stood at ?4,045 million in 2018, accounting for 4.8% of Scotland’s total exports. Exports from this sector increased by 5.5% over the latest year.Exports to the rest of the UK stood at ?2,445 million in 2018 and accounted for 60.4% of total Creative Industries exports. International exports to the EU stood at ?485 million (12%) and international exports to non-EU countries stood at ?1,110 million (27.4%).Turnover/Gross Value Added (2018)Updated June 2020, next update November 2021In 2018, total turnover in the Creative Industries growth sector was ?8,339.8 million. Between 2017 and 2018, total turnover in this growth sector decreased by 7.6% in nominal terms.Gross Value Added for the Creative Industries growth sector totalled ?4,626.7 million in 2018 and decreased by 6.3% over the latest year.Enterprises (2020)Updated March 2021, next update November 2021In March 2020, there were 15,730 registered enterprises operating in the Creative Industries growth sector, representing 8.8% of all registered business in Scotland. In 2020, 97.9% of Scottish Creative Industries registered enterprises were small (0-49 employees), accounting for 54.2% of employment in this sector, whilst large enterprises (250+ employees) accounted for 0.6% of registered enterprises but 27.9% of employment.The majority of enterprises in the Creative Industries sector were UK owned with their registered office address in Scotland (97.3%), accounting for 70.5% of sector employment in 2020. 1.3% of businesses were registered abroad, but they accounted for 21.7% of employment in this sector.Earnings (2020)Updated December 2020, next update December 2021Median weekly full time earnings across the Scottish Creative Industries growth sector stood at ?625.6 in 2020, which was higher than the Scottish average at ?592.7. Between 2019 and 2020, earnings in the Creative Industries growth sector increased by 5.0%.Research and Development (2019)Updated December 2020, next update December 2021Business Enterprise Research and Development (BERD) spending in the Creative Industries growth sector stood at ?232 million in 2019. Spending on Research and Development in this sector represented 16.5% of the total BERD spend in Scotland in 2019 (?1,409 million).Business Demography (2019)Updated March 2021, next update March 2022The number of registered business births (VAT/PAYE registrations) in the Creative Industries growth sector in Scotland decreased by 2.8%, from 1,940 in 2018 to 1,885 in 2019. The business birth rate, which is the number of births as a percentage of active businesses, was 10.6%. In comparison, business births in Creative Industries across the UK decreased by 3.5% between 2018 and 2019, with a birth rate of 11.0%.The number of business deaths (VAT/PAYE de-registrations) in the Creative Industries growth sector in Scotland increased by 6.2%, from 1,620 in 2018 to 1,720 in 2019. The business death rate, which is the number of deaths as a percentage of active businesses, was 9.7%. In comparison, business deaths in Creative Industries across the UK increased by 7.6% between 2018 and 2019, with a death rate of 10.0%.The Scottish five-year survival rate for Creative Industries businesses born (registered) in 2014 and still active in 2019 was 50.3%, compared to 50.5% for the UK. The latest Scottish one-year survival rate, for businesses born in 2018 and still active in 2019 was 94.3%, compared to 93.0% in the UK.Sources of informationGDP – Scottish Government Quarterly GDP Index.Employment – Business Register and Employment Survey.Exports – Export Statistics Scotland.Turnover & GVA - Scottish Annual Business Statistics.Enterprises – Inter Departmental Business Register.Earnings – Annual Survey of Hours & Earnings.Research and Development – Business Enterprise Research and Development survey.Business Demography - Inter Departmental Business Register and ONS Business Demography.All data are available from the Growth Sector Statistics Database: percentages and percentage changes over time are calculated based on the rounded figures shown in the Growth Sector Statistics Database.For more information about the methodology behind the Growth Sector Statistics Database, please see the Methodology Note: ................
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