As the United States navigates a time of economic uncertainty due to the spread of COVID-19, it is important to recognize and champion the economic contributions of the arts to all 50 states, the … The arts and cultural sector contributed over $763.6 billion to the American economy in 2015—more than the agriculture, transportation, or warehousing sectors, according to new U.S. government data released Tuesday by the Bureau of Economic Analysis (BEA) and the National Endowment for the Arts (NEA). This report is an update of the Centre for Economics and Business Research’s (Cebr) 2015 study, on behalf of Arts Council England, on the contribution made by the arts and culture industry to the UK’s national and regional economies. Contribution of the arts and culture industry to the UK economy. Cultural and creative activity relates to the arts, media, heritage, design, fashion and information technology. The creative industries’ contribution to the UK is up from £85bn in 2015 and it is growing at twice the rate of the economy. The sector contributes £2.8billion a year to the Treasury via taxation, and generates a further £23billion a year and 363,700 jobs.
economic contribution of UK arts & Culture. An analysis showing cultural and creative activity contributed $111.7 billion to Australia’s economy in 2016-17. Washington, DC—According to the latest data issued today by the Bureau of Economic Analysis and the National Endowment for the Arts, the arts remain a vital component of the U.S. economy. Why art and culture contribute more to an economy than growth and jobs ... the global economic and social contribution of the sector. The study … • The arts added four times more to the U.S. economy than the agricultural sector and … The contribution made by the UK arts and culture industry* is measurable in terms of direct impact, indirect value through generated jobs supported by industries that supply goods and services to arts and culture organisations, and the induced impact from calculating the effects of spend by culture industry employees in the wider economy.
The arts contributed $763.6 billion to the U.S. economy in 2015, 4.2 percent of GDP and counted 4.9 million workers, who earned $372 billion in total compensation.
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