Evidence of intangible growth

Proof: Employment and economic growth within Creative Environments.

The employment numbers of Australia's Creative Industries are growing. Creative industries within Australia have grown by 11.1% attributing to $122, 327 from 2003 – 2005. In comparison, QLD is above the national average and shows a growth rate of 13% equating to an increase of $23, 576 in this new creative economy. Queensland is showing growth 2% higher at 12.3% than the national average of 10.42%(https://wiki.cci.edu.au/display/NMP/Businesses+in+the+Creative+Industries).

Within Australia, the Creative Industries has predominantly a small business focus with almost 45,000 or 39% being individual sole traders and almost 49,000 or 42% being private companies (https://wiki.cci.edu.au/display/NMP/1.+The+Findings). The ABC Centre of Excellence for Creative Industries and Innovation found that in the year 2001, 437,000 people were employed in the creative industries. This accounted for 5.4% of the Annual Australian Workforce. In total, the value of wages and salaries within the creative Industries in 2001 equate to $20.8 billion.

Creative industries employment is harnessing the potential of a participatory culture. Knowledge, expertise and skills are being transformed into economic value within information rich environments. As creative industries employment continues to grow, this provides further evidence that there is a changing value within Australia’s economy from tangible production to intangible consumption.