Creative economic contribution
Victoria’s creative industries play an important role in the state’s economy.
In 2021-22, the creative economy contributed $38.5 billion to the Victorian economy.
Re-baselining of quarterly Australian Bureau of Statistics (ABS) Labour Force data may cause variances to annual economic contribution reporting. The current figure is impacted by February 2024 ABS Labour Force data.
Creative economic contribution over time
The creative economy contributed $38.5 billion to the Victorian economy in 2021-22. This has increased at an average annual rate of 4.2% over the last five years.
Economic contribution change per annum
This graph compares changes in the creative economy to changes in the overall Victorian economy over time.
Share of Victorian economic contribution
Currently the creative economy represents a 7.4% share of the total Victorian economy. This graph shows how the share of the total Victorian economy is changing over time.
Creative economic contribution snapshot
This data compares creative economic contribution with total Victorian economy.
Technical notes
Economic contribution or Gross Value Add is the output of the creative sector less goods and services sourced from other suppliers and is the sector’s contribution to gross national or state product.
Updates of Gross Value Add are derived from annual estimates from National Institute of Economic and industry Research (NIEIR) and current quarterly ABS Census and Labour Force data collections.
Re-baselining of quarterly Australian Bureau of Statistics (ABS) Labour Force data may cause variances to annual economic contribution reporting (see employment technical notes).
For further information please contact info@creative.vic.gov.au