NEA: Arts Sector Contributed $763.6 Billion to U.S. Economy
As reported by Artsy on March 8, 2019, the National Endowment for the Arts (NEA) and the Bureau of Economic Analysis (BEA) announced on March 5 that the “arts and cultural sector contributed over $763.6 billion to the American economy in 2015—more than the agriculture, transportation, or warehousing sectors…”
That means the arts generated 4.2% of overall GDP in 2015, employing more than 4.9 million workers and collectively earning over $370 billion. (Arts accounted for 7% of all jobs in New York City in 2013.)
“The U.S. [BEA’s] research makes clear that, if you care about jobs and the economy and infrastructure, you need to care about the arts,” said Robert L. Lynch, the CEO and president of Americans for the Arts, in an emailed statement. “Strategic investment in our arts and cultural organizations is not an extra, it’s a path to prosperity.” ~ Artsy, March 8, 2019