### Record Type:: [[Claims]] ValueofCraft:: [[Economic value of craft]] ### Outline Craft contributes in a tangible way to the GDP and balance of trade through exports. It also has an important indirect benefit to the skill base that is critical to manufacturing. Industrial crafts facilitate flexibility and innovation. Craft also adds prestige and heritage value to products. Craft makes a measurable contribution to economies, especially through trade and exports. The international trade in arts/crafts totaled $35 billion in 2015. Arts and crafts exports made up a value of close to USD 50 billion in 2020, with over 70% of that being contributed by developing economies (Kuku et al., 2018). In the UK, craft purchases online have gone from 332k people in 2006 to 3.2 million in 2010 to 10.3 million people in 2020 (Greenlees et al., 2020) . In Germany, the craft sector had a turnover of 561 billion euros. It is seen as a bulwark against financial instability and a key part of the social infrastructure.  The Creative Economy Outlook 2022 (UNCTD, 2022) estimates that the cultural sector accounts for 3.1 per cent of global gross domestic product (GDP). In addition, cultural and creative industries provide 6.2 per cent of all employment, generating nearly 50 million jobs worldwide and employ more young people (15–29-year-olds) than other sectors. As of 2021, Australia’s crafts sector employed a mere 116,538 people but generated $AU 19.2 billion gross value, slightly larger than its sports economy (Luckman & Tower, 2023). Craft skills bring outsized value to the economy. Craft fills the interstitial skill gaps in an economy, enabling both niche and mass production, from small-scale but high-end custom bicycles to small, medium and large-scale textile manufacturing. Craft is becoming more mainstream and its customers are constantly increasing Recent social, economic and technological trends, shaping consumption behavior towards more sustainable and responsible choices and patterns, have removed barriers to entry for both consumers and makers. As a consequence, craft is receiving renewed attention and there are new generations of younger craft buyers and savvy buyers. ### References %% DATAVIEW_PUBLISHER: start ```dataview list summary from [[Claim - Craft makes an important contribution to the economy]] where contains(file.path,"Warp") ``` %% - [[Warp/Arts and Crafts Market Driver Boost in Government Funding Fuels Growth in the Arts and Crafts Market.md|Arts and Crafts Market Driver Boost in Government Funding Fuels Growth in the Arts and Crafts Market]]: The craft market in 15 large countries is expected to rise to $44.7 billion in 2024. - [[Warp/Crafting Strategy.md|Crafting Strategy]]: Craft provides an useful model of the emergent management approach - [[Warp/Handwerk - Crafts and Trades in Germany.md|Handwerk - Crafts and Trades in Germany]]: In Germany, the craft sector had a turnover of 561 billion euros. It is identified as a refuge from financial instability and a key part of the social infrastructure. - [[Warp/Industrial Craft in Australia.md|Industrial Craft in Australia]]: A country needs to be able to make things. - [[Warp/Making Bodies, Craft Skills and the Legacies of Policy ‘Blokeism’.md|Making Bodies, Craft Skills and the Legacies of Policy ‘Blokeism’]]: Susan Luckman provides statistics about the contribution of the craft economy, which is more than just building and construction. - [[Warp/Measuring Traditional Skills Taking Stock of What We Have Before We Lose It Craft Statistics A Way Forward.md|Measuring Traditional Skills Taking Stock of What We Have Before We Lose It Craft Statistics A Way Forward]]: The paper provides several specific pieces of evidence to support the value of craft, drawing from economic, cultural, and social perspectives. - [[Warp/Study of the Crafts Sector in Canada - 2024.md|Study of the Crafts Sector in Canada - 2024]]: In Canada, craft add $2.7b to GDP and has created 30k jobs in 2021. - [[Warp/The Market for Craft 2020.md|The Market for Craft 2020]]: In England, there is strong growth in the consumption of craft and a growing role for craft in the experience economy - [[Warp/The value of craft skills to the future of making in Australia.md|The value of craft skills to the future of making in Australia]]: Australian craft contributes more economic value than the sports economy. But there needs to be great support for a diversity of crafts in order to foster a flexible work force. - [[Warp/UNESCO approach to crafts.md|UNESCO approach to crafts]]: Crafts as a major contribution to GDP in North Africa. In Morocco, crafts production represents 19% of its GDP - [[Warp/What Is the Role and Value of Crafts Today.md|What Is the Role and Value of Crafts Today]]: Craft is important for the health professions and economy. %% DATAVIEW_PUBLISHER: end %%