Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Creative Sector Makes Significant Contribution

17 May 2002

Creative Sector Makes Significant Economic Contribution

New Zealand’s creative sector is growing faster than the rest of economy, according to an Industry New Zealand report on the economic contribution of the creative sector.

The report, prepared for Industry New Zealand by the NZ Institute of Economic Research (NZIER), found in the four years since 1997 growth in the sector outpaced the New Zealand economy.

The creative sector accounts for 3.1 percent of New Zealand’s gross domestic product (GDP), similar to Australia though lower than the United Kingdom.

“The creative sector, with its emphasis on creativity, talent and innovation, already plays a vital role in launching New Zealand into global market places,” says Industry New Zealand chief executive Neil Mackay. “The government believes that by working with key parts of the sector, it can help further lift the sector’s contribution to export growth.

“The sector can give us an international profile, and a marketing edge, that builds on our unique culture, our creativity and our ‘can-do’ attitude.”

Industry New Zealand has been working closely with the creative sector, and in particular with screen production, music and design industries.

Last week the government announced appointments to the design and screen production taskforces which will set growth and development goals for the two industries.

Mr Mackay says in the past, government involvement in the creative sector had focused on cultural aspects, but now, through Industry New Zealand and the Creative Industries Working Group, it was focusing on the economic development of the sector.

The Creative Industry Working Group is chaired by Industry New Zealand and includes the Ministry of Economic Development and the Ministry for Cultural and Heritage.

The NZIER report was commissioned as part of this work to estimate the contribution of the creative sector makes to the New Zealand economy.

The comprehensive report covered a wide range of creative activities from architecture and advertising to visual arts and video production. Included in the survey were publishing, performing arts, TV and radio, and computer software and services.

Overall it is estimated that domestic consumption on the creative sector was more than $7 billion last year, and the sector accounted for 3.6 percent of employment (or 50,000 people).

The creative sector makes a similar economic contribution to other sectors such as finance, education, and central government administration and defence.

The report, based on official surveys, industry and association data, and household spending statistics, will provide a baseline overview of the economic significance of the creative industries.

For a copy of the full report, visit www.industrynz.govt.nz/industry/sector.html

For more information on Industry New Zealand, visit www.industrynz.govt.nz

Ends/…

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>