The National Endowment for the Arts (NEA) and the Bureau of Financial Evaluation (BEA) released information displaying the substantial contribution of the arts and cultural industries to US GDP in 2021, although also capturing the continued effect of the pandemic on the sector.
The Arts and Cultural Production Satellite Account (ACPSA) tracks the annual financial worth of arts and cultural production from 35 industries—including industrial and non-profit entities. The 2021 figures indicate the contributions of the arts and culture sector at the national and state levels to the national economy right after the initial year of COVID-19.
The evaluation shows that although the total financial worth added by the arts and culture industries elevated by 13.7 % from 2020 to 2021, a number of essential arts industries have not returned to pre-pandemic production levels. This group contains independent artists (as an sector), performing arts organizations (eg theater, dance and opera firms, musical groups and circuses), and arts-associated building, amongst quite a few other people. Regardless of the setbacks in these industries, the total arts economy in 2021 represented four.four % of GDP, or just more than $1. trillion (€938 billion) – a new higher.
In addition, just below four.9 million workers have been employed in the production of arts and cultural goods and solutions in 2021, down from the 2019 (pre-pandemic) level of five.two million but up from the 2020 level .of four.six million workers.
“This annual report from the NEA and BEA emphasizes that arts and culture are an important element of the American economy. It is equally evident, even so, that the sector continues to face massive issues due to COVID-19,” stated Dr. María Rosario Jackson, NEA President. “As the information reflects the financial activity of not-for-profit and for-profit organizations alike, it is vital to recognize the distinctive contribution to guaranteeing a vibrant and expansive arts and culture sector.”
Highlights from the National Report—Arts and Cultural Economy
Amongst 2020 and 2021, the total financial worth added by the arts and culture industries elevated by 13.7 %. This exceeds the development of the general US economy, which grew by five.9 % through the similar period.
In terms of financial activity, 22 of the 35 arts industries have returned to or exceeded pre-pandemic levels. Net publishing and streaming solutions are, for the initial time, the biggest arts and culture sector in the US it grew by 27.three % from 2020 to 2021, for a total financial contribution of $171.three billion (adjusted for inflation). Composed largely of for-profit establishments, it was also the only arts sector to practical experience substantial development in 2020. (According to 2020 information from the U.S. Census Bureau’s County Organization Patterns, only 18 % of establishments in this sector are nonprofit. ) The sector contains net publishing and broadcasting, music archives, film archives, comic book syndicates and news photo distribution solutions.
Other industries that saw development from 2019 and 2020 integrated conventional publishing and computer software publishing, art retail, inventive marketing, specialized design and style solutions, and museums operated by non-governmental organizations.
The film sector returned to pre-pandemic levels (2019) – contributing practically $68.9 billion in 2021, right after a 14 % decline in 2020. Performing arts providers (such as performing arts venues and festivals) contributed slightly a lot more of $14.three billion to the economy (up 122 % from 2020), placing the sector slightly above 2019 levels.
Ten industries created gains in 2021 but did not return to 2019 levels. This group contains independent writers, artists and performers performing arts organizations theater ticket agencies musical instrument suppliers and fine arts education (except public schools).
Two industries that saw a steady decline from 2019 to 2021 are arts-associated building, such as the building and renovation of libraries, museums and other cultural facilities and philanthropic solutions, which include things like providing and grantmaking.
Highlights from the National Report—Employment in Arts and Culture
ACPSA also monitors employment in the arts and culture industries. In 2021, just below four.9 million workers have been employed creating arts and cultural goods and solutions, for $504.two billion in total compensation. This is nonetheless down from the 2019 (pre-pandemic) level of five.two million jobs. Amongst the arts and culture industries hardest hit in 2019—films, performing arts organizations, and performing arts presenters—many showed substantial job development from 2020 to 2021, but did not return to pre-pandemic employment levels.
The quickest-expanding arts and culture sector from 2020 to 2021 — in terms of employment — was motion images, which saw a 23 % improve (up to 326,000 workers) more than the preceding year. In 2019, even so, the sector employed 394,000 workers.
Quantity of workers employed in performing arts-associated industries—including performing arts organizations performing arts presenters agents or managers and independent artists, writers and performers — grew by 14.four % in 2020-2021, to 230,000 workers. On the other hand, these industries employed a total of 323,000 workers in 2019.
ACPSA sector employment figures exclude self-employed workers, who nonetheless contribute financial worth to all arts and culture industries. Prior NEA study has repeatedly shown that artists are a lot more probably to be self-employed than other workers.
Highlights from the National Report—Imports and Exports
ACPSA also presents insight into the import and export of artistic and cultural goods and solutions. The trade surplus in arts and culture narrowed in 2021 to $17.eight billion, compared to $28.five billion in 2020 and $31.five billion in 2019. The distinction in 2020-2021 is partly due to the larger worth of imports artistic and cultural goods and solutions than in preceding years.
The leading imports in 2021 integrated jewelry and silverware ($20.six billion), other manufactured goods such as glass and porcelain ($11.four billion), and audio/visual production solutions for Television and motion pictures ($9.7 billion dollars). In 2021, leading arts exports integrated inventive marketing ($19.three billion in exports), info solutions such as audio/visual production for Television and motion pictures ($14.four billion), and arts computer software publishing ($9. 9 billion dollars).
We highlight from the report at the state level
While 49 states saw an improve in arts and culture employment from 2020 to 2021, no state reached 2019 levels.
The ACPSA state-level dataset shows that among 2020 and 2021, each and every state and the District of Columbia saw development in worth added to their economies from the arts and cultural industries, with 31 states and DC displaying at least a ten % improve in the arts. as a share in the gross state item (GSP). For 47 states and Washington, D.C., the financial worth of arts and culture exceeded 2019 levels.