Image credit: Heather Morse on Unsplash
Economic impact of COVID-19 on the Cultural and Creative Industries
Based on our impact analysis we estimate $750 billion in lost GVA for the CCI as a result of the pandemic so far.
Jonathan Todd
Chief Economist
Jonathan is an economist with over a decade’s experience in impact assessment and evaluation, and high-level policy experience, particularly within the cultural and creative sectors.
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LOCATION
Global
CLIENT
UNESCO
SECTOR
Projects Sectors
Our new report for UNESCO sets out the huge global impact of COVID-19 on the cultural sector.
The cultural and creative industries have fared consistently worse than national economies overall.
We estimate they contracted by US $750 billion in gross value added in 2020, while job losses in this field are estimated conservatively at 10 million worldwide.
Losses in revenue of cultural and creative industries in 2020 ranged between 20 to 40% across different countries.
The biggest absolute falls in the economic contribution of the cultural and creative industries have been observed in megacities and other major urban centres, where these industries are heavily concentrated.
We pioneered an approach using a rapid evidence review combined with LinkedIn data. We’d be delighted to talk more about this report – get in touch with Jonathan.
This report aims to capture the scale of the global disruption caused by the spread of the virus. Building on an analysis of studies conducted across the world in 2020, it examines the economic impact and consequences of the pandemic on the cultural and creative industries, and explores digital innovations that have emerged in response to this unprecedented crisis.
Project Report
Cultural and Creative Industries in the Face of COVID-19: An Economic Impact Outlook
ABOUT US
EXPERTISE
A global research and consulting practice for culture and the creative economy
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Building on our contribution to the second edition of the report in 2018, BOP has led as the Data and Research partner on this report to help find out how policies can protect people working in the creative and cultural sectors.
UNESCO's Re|Shaping Policies for Creativity Report – Addressing culture as a global public good
UNESCO
Our strategy will guide the creation of a new digital service aiming at supporting and developing the creative scene in Downtown Kingston.
Leveraging the creative potential of Downtown Kingston through technology
Inter-American Development Bank - IDB
Our research into the UK's high streets found that 69% of people think culture on their high street makes their area a better place to live.
Culture: The cornerstone of the UK’s high streets
Arts Council England
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BOP’s updated Handbook for the Inter-American Development Bank sets out strategies for sustainability and urban resilience
Creative and Cultural Industries and Urban Revitalisation in the post-COVID era
Inter-American Development Bank - IDB
We investigated the potential impact of AI on the cultural and creative industries.
Opportunities and Challenges of AI for the Cultural and Creative Industries
European Commission
Published today: ‘Design for Good: 90 Years of the RSA Student Design Awards’, a new publication from the RSA, co-authored by BOP
A History of Bright Ideas: 90 Years of the RSA Student Design Awards
The Royal Society for Arts (RSA)
New skills research in the Gulf Co-operation Council States
An evidence-base for the growing Gulf festivals sector
British Council
Our research into the museum workforce is launched
Conscientiousness, optimism, and curiosity
Museums Galleries Scotland
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BOP’s report for Nanjing City Government demonstrates the importance of cross-cutting policies with a compelling cultural offer at the core
Creating Healthy Night-time Economies in World Cities
Nanjing Creative Center
Findings from our work at Great Ormond Street Hospital
Creativity in health settings
GOSH Arts
How is China influencing the future of Cultural Tourism?
Cultural Infrastructure for the 21st Century
Chengdu Media Group
Based on our impact analysis we estimate $750 billion in lost GVA for the CCI as a result of the pandemic so far.
Economic impact of COVID-19 on the Cultural and Creative Industries
UNESCO
Our analysis of the strengths & challenges of music in the Midlands is published
Hitting the right notes in the Midlands
Arts Council England
New handbook published for city leaders
How can cities make space for culture?
World Cities Culture Forum (WCCF)
Our report sheds new light on how building the capacity of the heritage sector can assist working internationally
International working builds stronger heritage sector at home
National Lottery Heritage Fund
Our new report with Nesta published
Opportunities for China-UK Cooperation through Equity Crowdfunding
Nesta
Our new research report for the National Trust
Protect urban heritage to prevent growth in inequality
National Trust
Our latest research for the Reading Agency shows we should read year-round
Reading is for life, not just for August
The Reading Agency
Our review of the Scottish Animation Sector, commissioned by Creative Scotland, has just been published
Review of the Scottish Animation Sector
Creative Scotland
UK-wide study of visitor experience practice provides new benchmarks for cultural and visitor attractions
Sharing Operations and Visitor Experience insight
VE:Forum