Confirming the value ofLatvian public librariesSmart, sustainable and inclusive access toknowledge in times of austerity
Why quantify the value of public libraries?
Quantification of benefits by public libraries                        Annual budget, LVL                    Number of visi...
Our findings
Monetary benefits                        Change in the net benefits of public libraries                                   ...
Benefit-cost ratio of library services                 Exhibitions                                            5,77    Use ...
Non-monetary benefits ►       Users find libraries to be space for gathering, networking,         education and culture ► ...
Thank you!
Confirming the value ofLatvian public librariesDr. sc.ing Renāte StrazdiņaExecutive Director
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Renate Strazdina, Ernst and Young (LV)

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Renate Strazdina, Ernst and Young (LV)

  1. 1. Confirming the value ofLatvian public librariesSmart, sustainable and inclusive access toknowledge in times of austerity
  2. 2. Why quantify the value of public libraries?
  3. 3. Quantification of benefits by public libraries Annual budget, LVL Number of visits 21 324 319 16 784 003 13 801 600 9 326 347 9 943 745 7 919 156 2008 2009 2010 ► Libraries are ever more important during the times of austerity. What benefits do they bring?Page 3 Value of Latvian public libraries
  4. 4. Our findings
  5. 5. Monetary benefits Change in the net benefits of public libraries (WTP data, thousand LVL) 12 000 10 000 9 650 Thousands 8 000 7 266 6 470 6 000 4 000 2 494 2 000 0 2008 2009 2010 ► Direct net annual benefit of public library system in Latvia 6 470 030 LVL (on average 9 216 566 EUR) ► Annual indirect benefits to the economy 9 890 423 LVLPage 5 Value of Latvian public libraries
  6. 6. Benefit-cost ratio of library services Exhibitions 5,77 Use of PCs and Internet 3,04 Reading room 1,45 Average B/C Lending 1,42 ratio for Photocopying 0,88 libraries 1,37 Printing 0,79 ICT training classes 0,49 ► Traditional and ICT Public events 0,42 services generate ICT consultations 0,39 much of the value of Reference services 0,33 public libraries Scanning 0,27Services for disabled users 0,12Page 6 Value of Latvian public libraries
  7. 7. Non-monetary benefits ► Users find libraries to be space for gathering, networking, education and culture ► Libraries are perceived positively – they improve quality of life, encourage education and culture and provide a chance to save money ► Libraries improve information flow and access to education, as well as reduces unemploymentPage 7 Value of Latvian public libraries
  8. 8. Thank you!
  9. 9. Confirming the value ofLatvian public librariesDr. sc.ing Renāte StrazdiņaExecutive Director
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