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Economy of Beauty is the business culture platform of Banca Ifis’ Social Impact Lab Kaleidos and, this year, it was created as part of Ifis art, a project that brings together all of the Bank’s initiatives for the enhancement of art, culture and contemporary creativity.

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Our report

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Art and Culture Projects in Italian Banks

Actors from which the arts and culture sphere has never been able to do without are the banks, which, while in the past they played a supporting role, are now active in enhancing the cultural heritage and creating value for themselves and society.

In fact, the analysis of Italian banks showed that 16 banking groups are involved in projects and initiatives related to Art and Culture, demonstrating how these investments have a positive impact on corporate productivity.

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Our numbers

There is more and more Beauty in the Italian GDP: at the end of 2023 the contribution of this particular economic sector to the national Gross Domestic Product will be 29.2%. Exceptional confirmation that Beauty has continued to contribute to the economic growth of our country. For this new edition, we have chosen to focus on the relationship between Italian business and projects based on Art and Culture, demonstrating the positive value and improved productivity of business.

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29.2% contribution to GDP in 2023

the contribution to GDP of the Economy of Beauty in 2023, demonstrating the driving role for the Italian economy

732 Italian companies

that generate 192 Billions with projects based on Art and Culture

1.4 times

is the average annual growth rate of productivity of enterprises with projects on Art and Culture

Find out how Beauty has evolved

From the third to the fourth edition, how has the world of the Beauty Economy changed?

Back to last edition’s results

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For further information

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