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 NEA Chair 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.”
National-level ACPSA data In 2020, arts and culture added $876.7 billion, or 4.2 percent, to national GDP. Between 2019 and 2020, the U.S. arts economy shrank at nearly twice the rate of the economy as a whole: arts and cultural production fell by 6.4 percent when adjusted for inflation, compared with a 3.4 decline in the overall economy. While the size and diversity of the arts and culture sector helped it to remain a major contributor to the economy, certain arts industries saw enormous declines.
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