Global study predicts 1.4% rise in overall library budgets

Library Budget Predictions for 2016 is based on interviews with senior librarians in almost 700 institutions around the world.

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Published by Publishers Communication Group, (PCG) the report highlights regional differences and smaller increases in journals budgets.  Europe, however, is the only region to predict a decrease in library budgets. The researchers surveyed academic institutions, government, corporate and medical/health libraries.

The overall library budget figure includes all the costs of maintaining a library – salary, materials and operating expenditures.

Key findings

  • Europe is the only region predicting an overall decrease in library budgets.  The predicted figure however is marginal (0.1%)
    • This figure is made up of a predicted 0.3% increase in serials budget; a -0.4% decrease in book budgets with no change in the budget for ‘materials’ (all content provision)
  • Libraries in the Middle East and Africa are predicting the largest budget increases – 4.2% overall including an increase of 6.6% on serials budgets
  • Asian Pacific is predicting an overall budget increase of 2.8%
  • North America predicts a1% increase overall
  • South American institutional libraries are predicting 2.1%

Serials

  • 98% of institutes surveyed currently use e-journal service providers
  • 22% of subscriptions are paper only
  • Top academic institutions are most likely to take e-only subscriptions
  • 41% of institutions are planning to cancel some subscriptions
  • 31% are planning to increase their serial subscriptions
  • Institutions are balancing the books by looking to cancel more expensive and/or less popular titles
  • One Turkish corporate institution is planning to add 5000 serials titles to its collection
  • One European medical institute is planning to cancel 5000!

Institutional repositories

  • 54% of all institutions own, or share ownership of, a repository
  • 71% of academic institutions provide a repository, rising to 85% of top academic institutions

Other interesting findings

  • 58% of respondents provide reference management tools (68% of academic institutions
  • This year a new question asked respondents about providing search and discovery services – take-up of such services is lowest in Europe
  • Government libraries are most likely to report smallest budget increases
  • Only Europe predicts a decrease in book budgets

The full study can be downloaded here.