Impact of the activities of the Guggenheim Museum Bilbao on the economy of the Basque Country in 2006
In 1998, the Guggenheim Museum Bilbao commissioned a study of its contribution to the economy of the Basque Country through the development and application on a yearly basis of a methodology to analyze its economic impact. With this model, the impact that the activities of the Guggenheim Museum Bilbao generate within the regional economy, are measured every year in terms of the generation of GDP, the contribution to the maintenance of employment, and the increase in tax revenue. In this sense, the model designed in 1998 has been improved and updated since then based on a number of different studies and reviews.