NEA Report Reveals Arts and Culture Sector Makes Up 4.2 Percent of US Economy
A collaboration of the National Endowment for the Arts and the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), the [Arts and Cultural Production Satellite Account] is the first federal effort to provide in-depth analysis of the arts and cultural sector's contributions to the U.S. economy. This latest ACPSA data is from 2014 and reveals that the arts and cultural sector contributed $729.6 billion or 4.2 percent to the U.S. economy that year. Between 1998 and 2014, the contribution of arts and culture to the nation’s gross domestic product grew by 35.1 percent. The new state data tracking arts and cultural employment and compensation provides illuminating profiles and allows for comparisons among states and regions.