The impact of Plastic Arts in the Spanish economy

Posted by Sara Sanz Aldea

Plastic Arts are a product of artists’ imagination and view of reality. They create works of art using different materials and techniques.

Plastic arts are part of the fine arts category. The term was born at the start of the 21st century and was used to refer to painting, sculpting, drawing, architecture, engraving, ceramics, goldsmithing, handcrafts and mural painting.

In a both conscious and unconscious way, art takes up an important part of our lives. All goods and services produced by an economy have an artistic design. Every space, whether it’s indoors or outdoors, is decorated. But, ironically, it’s not the first economic activity in order of importance in the cultural sector.

Data from the Satellite Account on Culture in Spain, developed by the Ministry of Sports and Culture in collaboration with the National Statistics Institute, confirms that cultural activities linked to intellectual property are a 3.2% of the Spanish GDP.

As part of these activities, Books and Press are in first place with a total of 31.5% of all cultural activities, followed by the Audiovisual and multimedia sector with a 28.7%, which includes movie, video, music and television related activities.

The rest have a much lower participation rate: Performing arts is at 9.8% and Patrimony, archives and libraries are at 8.6%.

What’s the economic importance of Plastic Arts in Spain? This cultural activity is third in order of importance and generates a 0.35% of the Spanish economy’s total GDP, which is equal to 4091 million euros, and represents a 14.8% of the total generated by the cultural sector.

Creation and production of culture is, by far, the phase that generates the most wealth, contributing a total of 59.3% of the GDP, which translates into 27.728 million euros. So, what artistic creations will have the greatest impact on the Spanish economy in 2020?

ᴛʜᴇ ʙɪᴏᴍʙᴏ • ᴀʀᴛ ʙʟᴏɢ

𝓑𝔂 𝐒𝐚𝐫𝐚 𝐒𝐚𝐧𝐳 𝐀𝐥𝐝𝐞𝐚

Translated by Clak (clak.es)

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