The cultural heritage sector plays a crucial role in economic development by creating jobs and attracting investments that maintain the viability of heritage sites while preserving their historical and cultural significance. However, accurately valuing its economic contribution remains challenging.

The HERMES study has delivered methodological framework on developing a material cultural heritage satellite account for Europe. A comprehensive framework with accompanying technical descriptions has been prepared which outline in detail which and how the data should be gathered.

A material cultural heritage satellite account would allow to position heritage inside the accounting system of national wealth, thereby contributing to the visibility of heritage as an important contributor to economic development and facilitating the use of statistics in policy making. 

The final report of the study outlines the methodological framework but at this point does not contain actual calculations and estimations.