Key Market Indicators
The Australian cultural sector is poised for significant growth over the next five years, with the number of enterprises projected to reach approximately 22,200 by 2028. This marks an average annual increase of 2.3% from the current tally of around 19,200 enterprises in 2023. Since 2015, the supply of cultural sector enterprises in Australia has seen a consistent year-on-year rise of 4%. In 2023, Australia held the fourth spot in the global rankings, with Austria narrowly leading at 19,200 enterprises. The top three positions were secured by the United Kingdom, Austria, and Australia, respectively, highlighting a competitive landscape in the cultural sector.
