Chapter 21 The UK film economy The UK film industry is a valuable sector of the British economy and has grown considerably over the last 20 years. In 2012, its direct contribution to Gross Domestic Product was £2.9 billion, more than twice its 1995 contribution in real terms. FACTS IN FOCUS: In 2012, the UK film industry had a turnover of £7.3 billion (excluding video distribution). The UK film industry’s direct contribution to UK Gross Domestic Product (GDP) represented 4% of the GDP of all the creative industries. The industry exported £1.3 billion worth of services in 2012, made up of £792 million in royalties and £550 million in film production services. Exports in 2012 were 71% higher than in 1995. The UK film trade surplus in 2012 was £789 million.
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