The Swiss Times - Swiss News in English

Cultural Economy in Important Sectors Behind the Overall Economy

The culture industry in Switzerland is slowly recovering from the pandemic, but remains behind the overall economy in key indicators. According to figures released by the Federal Statistical Office (BFS) on Tuesday, the value added of the cultural sector has declined three times more than in the overall economy due to the pandemic. In 2021, the value added of the cultural sector rose to 15.2 billion Swiss francs, but remained below the pre-corona level. Furthermore, this increase of 3.5 percent was significantly lower than the growth in the overall economy; the GDP increased by 5.4 percent from 2020 to 2021. The number of employees in the cultural sector also lags behind the overall economy: in full-time equivalents, the number of employees increased by one percent from 2020 to 2021; in the overall economy it was two percent.

The most notable growth was in the audiovisual and multimedia sector, while the number of companies in the book and press sector decreased by 1.5 percent. This shows that the recovery has mainly affected small structures, as the number of companies in the cultural sector has increased more than in the overall economy and even exceeded the pre-pandemic level. In 2021, there were around 65,000 cultural companies in Switzerland, more than a thousand more than in the previous year.

The cultural economy statistics describe the economic aspects of culture. In addition to the typical cultural areas, it also includes those in which creativity plays a special role, such as architecture, video games or advertising.nn


Most Read

Delivery Services in Switzerland Have New Competition

22 February 2024
Delivery service
An Austrian company opens it's first online supermarket outside the country. Targeting the greater Zurich area.

Swiss Semi-Conductor Government Initiative: Will it Work?

23 February 2024
Swiss semiconductor
SwissChips Initiative represents Switzerland's strategic move to bolster its semiconductor industry amidst global competition.

Murder in Frauenfeld: Trial for the Murder of an Egyptian

22 February 2024
Murder in Frauenfeld
Two men face murder charges over the 2007 killing of a 27-year-old Egyptian, whose body was discovered submerged in Barchetsee.

Swiss CEO Vranckx Moves to the Lufthansa Executive Board

23 February 2024
Swiss CEO
Swiss CEO Dieter Vranckx moves to Lufthansa as Chief Commercial Officer, after leading Swiss through challenging times.

Stay in Touch!


Swiss biotech
Swiss Biotech Firm Idorsia: Stock Soars – but Why?
26 February 2024
Decathlon Opens 5 more Stores in Switzerland
26 February 2024