New Study Shows the Impact of the Arts on GDP

Image: Matt Neckers mattneckers.com ©2019

Image: Matt Neckers mattneckers.com ©2019

Adapted from a report in the newsletter for Americans for the Arts Action Fund: We all know that arts and culture are central to our local and statewide economies, but new data from the federal government continues to prove it! According to the Bureau of Economic Analysis (BEA) in the Department of Commerce, arts and culture in America is 4.3% of Gross Domestic Product (GDP, the total value of goods produced and services provided in a country during one year) or $804 billion. This is up from last year’s 4.2% or $730 billion.

For comparison, arts and culture are larger than the construction industry, 4.1%; transportation and warehousing, 3.0%; travel and tourism, 2.6%; and agriculture, 1.0%. The arts and culture’s segment of the nation’s GDP has grown every year since 2009, when it was $619 billion. The BEA recently started to track this data by state, for example:

Chart from Bureau of Economic Analysis (BEA). Click  HERE  for more on GDP.

Chart from Bureau of Economic Analysis (BEA). Click HERE for more on GDP.