Value added by cultural industries

The term value added refers to the value of an industry’s output after deducting the value of goods and services used in producing them. Or, put another way, value added refers to the return received on labour and capital.

In the 2001-02 financial year, the production value of the goods and services produced by selected cultural industries for which value added data was available was about $25.8 billion. This value of production of goods and services within cultural industries is different to the previous section which presented the value of production for selected arts and related products within all industries. The value added component of these cultural industries was about $10.2 billion.

This data is recorded in the Australian National Accounts, compiled by the Australian Bureau of Statistics.

Output and value added, selected cultural industries(a), 2001–02

Industry	Australian production ($m)	Value added ($m)
Motion picture, radio and television services	10,043	3,229
Libraries, museums and the arts	5,874	2,498
Publishing, recorded media, etc.	9,879	4,498
Total for selected cultural industries(a)	25,796	10,225
Total for all industries	1,417,756	671,872

(a) Cultural industries for which value added data are available.

Source: Australian Bureau of Statistics, Australian National Accounts: Input–Output Tables, 2001–02 (cat. no. 5209.0.55.001).

About 40 per cent of the value of goods and services produced by these cultural industries was value added, that is, paid for labour and capital. The remaining 60 per cent was paid to other industries for their output in producing the cultural goods and services.

These selected cultural industries account for 1.5 per cent of Australia’s value added.