Editing Economy of Australia (section)

==== Creativity and culture ====
Growing importance is being given to the economic contribution of the creative industries to the national economy. The [[United Nations Conference on Trade and Development]] (UNCTAD) recompiles statistics about the export and import of goods and services related to the creative industries.<ref>{{Cite web|title=Beyond 20/20 WDS|url=https://unctadstat.unctad.org/wds/ReportFolders/reportFolders.aspx?IF_ActivePath=P,10&sCS_ChosenLang=en|access-date=2021-12-29|website=unctadstat.unctad.org}}</ref> The [[World Intellectual Property Organization]] (WIPO) has assisted in the preparation of national studies measuring the size of over 50 copyright industries around the world.<ref>{{Cite web|title=The Economic Performance of Copyright-Based Industries|url=https://www.wipo.int/copyright/en/performance/index.html|access-date=2021-12-29|website=wipo.int|language=en}}</ref> According to the WIPO compiled data, the national contribution of [[Creative industries]] varies from 2% to 11% depending on the country.

The [[Australian Copyright Council]] (ACC) has been consistently compiling reports using the WIPO-guided framework on the impact of the copyright-based industries to Australia's economy in 2011,<ref>{{Cite web|last=Price Waterhouse Coopers|date=2011|title=The Economic Contribution of Copyright-Based Industries in Australia by the Australian Copyright Council|url=https://www.wipo.int/export/sites/www/copyright/en/performance/pdf/econ_contribution_cr_au.pdf|url-status=live|access-date=29 December 2021|publisher=WIPO|archive-url=https://web.archive.org/web/20130604120924/http://www.wipo.int/export/sites/www/copyright/en/performance/pdf/econ_contribution_cr_au.pdf|archive-date=4 June 2013}}</ref> 2012,<ref>{{cite web|title=The Economic Contribution of Copyright-Based Industries in Australia 2012|url=https://www.wipo.int/export/sites/www/copyright/en/performance/pdf/pwc_report_2012_australia.pdf|publisher=[[World Intellectual Property Organization]] (WIPO)}}</ref> and 2014.<ref>{{cite web|title=The Economic Contribution of Copyright-Based Industries in Australia 2014|url=https://www.wipo.int/export/sites/www/copyright/en/performance/pdf/pwc_report_2014_australia.pdf|publisher=[[World Intellectual Property Organization]] (WIPO)}}</ref> In the most up-to-date WIPO-supported study published in 2017,<ref>{{Cite web|last=PricewaterhouseCoopers Consulting (Australia)|date=September 2017|title=The Economic Contribution of Copyright-Based Industries in Australia|url=https://www.wipo.int/export/sites/www/copyright/en/performance/pdf/pwc_report_2017_australia.pdf|url-status=live|access-date=29 December 2021|publisher=WIPO|archive-url=https://web.archive.org/web/20180509015839/http://www.wipo.int:80/export/sites/www/copyright/en/performance/pdf/pwc_report_2017_australia.pdf|archive-date=9 May 2018}}</ref> the copyright industries contributed $122.8 billion to the Australian economy in 2016 amounting to 7.4% of Australia's total economic output. The 2016 figure represented an increase of $8.5 billion compared to 2011, with a growth in value added growing at 1.4% per annum (since 2011). Further, it found that these industries generated more economic output than the manufacturing, health care and mining sectors in 2016, and moved from being the 7th largest industry in 2011 to the 3rd in 2016.