Introduction
In 1998, the Guggenheim Museum Bilbao began to analyse its contribution to the transformation of the Basque Autonomous Community, its tourist industry and the regional economy in general, by developing and annually applying an economic impact analysis methodology. The annual report looks at the impact the activities of the Guggenheim Museum Bilbao Foundation have on the regional economy, measured in terms of the generation of GDP, the contribution to the upkeep of jobs and increases in fiscal revenues.