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Binance Coin Price Surges by 15% as Bear Market Continues Even though the overarching market sentiment is anything but positive, it would appear some projects continue to buck the trend. Following strong fresh gains, the […]

zerohedge.com / by Tyler Durden / Apr 14, 2017 10:31 PM

Much has been written about the role of the creative economy as a key indicator of economic health. As Visual Capitalist’s Nick Routley writes, the “rise of the creative class” and “creative clusters” are concepts that inform the larger conversation on cities as the economic drivers of regions. As a result, everyone from academics to governments are increasingly looking for ways to measure the scope and size of the creative economy.

According to the U.S. Bureau of Economic Analysis, the creative economy accounts for 4.2% of the GDP and is valued at $704 billion. It’s also a segment of the economy that’s still growing. For example, art director and graphic design jobs are growing across the country at rates of 9% and 13%, respectively.

While there is no consensus on where to draw the line on what jobs or sectors are “creative”, we do know that cities are the primary places where measurable creative activities take place.

Today’s infographic from Homes.com measures the number of creative jobs, creative schools, performing arts companies, and motion picture and video companies, to create the Creative City Index. While not comprehensive, it is an interesting snapshot of the creative economy of the country.

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bitcoin Price: Financial Advisors Targeting $17,571 in Dec 2023 The majority of financial advisors believe that ₿itcoin will increase in price over the next half-decade.  This finding comes from a Bitwise Asset Management’s and ETF […]