The UK film economy
There are a number of different ways to measure the contribution of the film industryto UK GDP. On the narrowest measure (the direct contribution to GDP by filmexhibition, distribution and production) the ONS estimate for 2007 was £2.5 billion(0.2% of UK GDP). On the broadest measure, including inputs to film from supplierindustries, the contribution in 2006 was estimated to be £5.3 billion, or 0.46% of UKGDP. (See page 12 for further discussion of these measures).
The principal strength of the UK film industry is the depth of its production sector andskills base. The industry is well established in a number of key clusters (mainly inLondon and the South East, especially Soho in central London, but also in urbancentres around the country) and has world-class people working in all areas ofproduction and technical skills. On the talent side, the UK has a significant number ofstar actors and internationally-renowned directors and producers.
The UK film industry (comprising production, distribution and exhibition) employedaround 35,400 people in 2008.
The film workforce has shown grown since 1996, increasing by 13% compared withan increase in the overall UK workforce of 14%.
In 2007 the film industry earned £1,050 million in export income from film rights andfilm production services, and achieved a trade surplus with the rest of the world of£232 million.
Over the period 2003-07, the US was the largest market for UK film exports, taking51% of exports, followed by Europe with 31%.
UK filmed entertainment market
In 2008 the UK had the third largest filmed entertainment market in the world, after
the USA and Japan, valued at US$6.5 billion (“filmed entertainment” here includes
box office receipts, home DVD and VHS rental and retail, and online downloadrevenues).