New Data Show Economic Impact of COVID-19 on Arts & Culture Sector (2022)
New Data Show Economic Impact of COVID-19 on Arts & Culture Sector
Washington, DC— New data released today by the National Endowment for the Arts (NEA) and the Bureau of Economic Analysis(BEA) provide insights into the impact on the arts and cultural sector by COVID-19. The Arts and Cultural Production Satellite
Account (ACPSA) tracks the annual economic impact of arts and cultural production from 35 industries, both commercial and nonprofit. These data describe the national and state-level contributions of the arts and cultural sector to the nation’s gross domestic product (GDP) in 2020, the first year of the pandemic.
“While arts and cultural industries and workers nationwide have sustained heavy losses, the sector continues to play an outsized role in the U.S. economy—as the new data demonstrate,” said NEAChair Dr. Maria Rosario Jackson. “The NEA is committed to participating as a key partner in the recovery of this sector,recognizing not only its economic value, but also the arts’ capacity to transform the lives of individuals and communities in other ways,contributing to health and well-being, and overall resilience.”
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