The Organization of American States (OAS), the Inter-American Development Bank (IBD), and the British Council commissioned this study from Oxford Economics to examine the impact of the creative industries on the economies of countries in the Americas. The report was presented at the 6th World Summit on Arts and Culture, held January 13 to 16, 2014, in Santiago, Chile.
The study puts the 2011 value of world creative goods and services exports at $640 billion, with 14% of this value originating in the Americas. Data from 34 countries in the Americas was compiled, with benchmark data from 10 countries elsewhere in the world. One notable finding was the variation by country in the creative industries' contribution to GDP. Contributions from the creative sector vary for example from 2% of GDP in Chile to 10% of GDP in Brazil and the United States.
The three sponsoring organizations mentioned in their presentation of the study the creative sector's significant economic development potential. They also pointed to the importance of developing more harmonized and rigorous policy mechanisms in order to ensure that the needs of the creative sector are taken into account.
To read the report, visit the Organization of American States website.