National Guild For Community Arts Education

About Banner

Forgot Password?

Enter your email below to help retrieve your password.


Forgot Password?
Home > About > News and Events > News > Field News > Now Available: Preliminary Report on Impact of Arts and Culture on GDP

See what’s happening at the Guild, our members, and the Community Arts Education Field. Filter news items using the buttons below.

Now Available: Preliminary Report on Impact of Arts and Culture on GDP

« Back

Image for Now Available: Preliminary Report on Impact of Arts and Culture on GDP

Dec 10, 2013

The U.S. Bureau of Economic Analysis (BEA) and the National Endowment for the Arts (NEA) released prototype estimates earlier this month from the new Arts and Cultural Production Satellite Account (ACPSA). This is the first federal effort to provide in-depth analysis of the arts and cultural sector's contributions to current-dollar gross domestic product (GDP), a measure of the final dollar value of all goods and services produced in the United States. According to these new estimates, 3.2 percent -- or $504 billion -- of current-dollar GDP in 2011 was attributable to arts and culture. In comparison, BEA's estimated value of the U.S. travel and tourism industry was 2.8 percent of GDP.

"Art and culture is a significant part of the U.S. economy. Not just its contributions of ideas and creativity to the innovation economy, but also as an important part of the labor force and our country's GDP," said NEA Senior Deputy Chairman Joan Shigekawa. "The Arts and Cultural Production Satellite Account is an unprecedented resource for detailed, reliable data on the economic value associated with arts and cultural activity."

Learn More

This resource brought to you by the National Guild for Community Arts Education. www.nationalguild.org