New data released today show arts and cultural industries hit an all-time high in 2022, contributing 4.3 percent of gross domestic product (GDP), or $1.1 trillion, to the U.S. economy. However, growth was not sector-wide, with performing arts organizations, non-government museums, and arts-related construction among the arts industries that have yet to reach their pre-pandemic levels of economic value. These findings and more come from the Arts and Cultural Production Satellite Account (ACPSA), a product of the National Endowment for the Arts (NEA) and the Bureau of Economic Analysis (BEA) that tracks the annual economic value of arts and cultural production from 35 industries—including both commercial and nonprofit entities. A national summary report and an accompanying interactive graphic are available on arts.gov, along with state-level estimates.
Arts & Cultural Sector Hit All-Time High in 2022 Value Added to U.S. Economy
National Endowment for the Arts, 25 March 2024, USA
Share
National Agency News
Social financing of culture - formal and legal solutions: premiere of the report The Wrocław Declaration for the Development of Cultural Patronage was signed Indonesia-Australia Expand Creative Economy Collaboration and AI Copyright Protection Arts and Minds: New report shows positive impact of creativity on young people’s wellbeing Minister Miller strengthens Canada’s creative economy through trade and cultural partnerships with China See all news from National Agency News