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New Data Show Economic Impact of COVID-19 on Arts & Culture Sector

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New Data Show Economic Impact of COVID-19 on Arts & Culture Sector
New Data Show Economic Impact of COVID-19 on Arts & Culture Sector

Washington, DC— New data unveiled nowadays by the Countrywide Endowment for the Arts (NEA) and the Bureau of Financial Analysis (BEA) deliver insights into the affect on the arts and cultural sector by COVID-19. The Arts and Cultural Creation Satellite Account (ACPSA) tracks the annual economic impact of arts and cultural output from 35 industries, both equally industrial and nonprofit. These facts explain the countrywide and point out-amount contributions of the arts and cultural sector to the nation’s gross domestic product or service (GDP) in 2020, the initial yr of the pandemic.

“While arts and cultural industries and workers nationwide have sustained significant losses, the sector continues to enjoy an outsized role in the U.S. economy—as the new info show,” explained NEA Chair Dr. Maria Rosario Jackson. “The NEA is committed to participating as a critical lover in the recovery of this sector, recognizing not only its economic benefit, but also the arts’ ability to change the life of folks and communities in other methods, contributing to wellness and nicely-currently being, and in general resilience.”

National-level ACPSA data
In 2020, arts and society additional $876.7 billion, or 4.2 p.c, to nationwide GDP. Amongst 2019 and 2020, the U.S. arts economy shrank at just about two times the amount of the overall economy as a entire: arts and cultural creation fell by 6.4 p.c when altered for inflation, in contrast with a 3.4 decline in the over-all overall economy. Though the dimension and variety of the arts and society sector assisted it to keep on being a key contributor to the economy, particular arts industries noticed great declines.

Value Added to U.S. GDP By Selected Sectors

In yr just one of the COVID-19 pandemic, number of parts of the U.S. financial state have been tougher strike than the executing arts:

  • Doing arts presenters and performing arts corporations joined oil drilling/exploration and air transportation as the steepest-declining areas of the U.S. financial state in 2020.
  • Soon after altering for inflation, the price extra by undertaking arts presenters (including festivals) fell by almost 73 % among 2019 and 2020.

Other arts and cultural industries also saw steep declines in economic action amongst 2019 and 2020:

  • The benefit additional from new building of arts and cultural facilities declined by 24.3 p.c museums by 22. percent independent artists/writers/performers by 20.6 per cent and motion image and online video generation industries by 17.9 %. 

(Be aware: “Independent artists/writers/performers”—a single industry—includes the self-utilized and individuals doing work as unbiased contractors. In just the ACPSA, earnings from these employees are captured as gross output and worth extra. Nevertheless, as personnel, they are excluded from ACPSA employment data.)

Top Contributors to Arts and Cultural GDP

Nevertheless, quite a few large industries served to cushion declines for the overall arts sector: 

  • In between 2019 and 2020, the price additional by world wide web publishing and streaming—already a advancement industry—leapt by 14.3 percent. Work in this business grew by 12,000 salaried employees.
  • Government’s arts and cultural contributions—both in phrases of work and in value additional to GDP—remained reasonably steady among 2019 and 2020. Examples of arts and cultural items and products and services furnished by federal government contain arts instruction in community faculties museums and mother nature parks and federal, state, and regional arts funding.
  • In addition, the financial contributions of Television and radio broadcasting fell by only 1.5 percent and value added by publishing industries changed incredibly little among 2019 and 2020. 

The ACPSA also aids to quantify the impact of COVID-19 on employment in the arts and cultural industries. Between 2019 and 2020, the arts economy lose a lot more than half a million jobs (604,000 personnel)—not counting self-utilized artists and other cultural personnel

  • 40 p.c of the decrease in arts and cultural employment (salaried staff only) transpired in a few industries: motion photograph and video clip output undertaking arts presenting and executing arts organizations. 
  • Movement photo and online video creation lost the biggest quantity of employees in 2020—136,000.
  • Employment by undertaking arts presenters and undertaking arts organizations fell by 56,000 and 50,000 employees, respectively.

As pointed out higher than, ACPSA employment knowledge exclude self-used workers. Nonetheless artists are far extra most likely than other personnel to be self-employed.

Employment, Motion Picture and Performing Arts Industries

Examining info sources aside from the ACPSA suggests that while arts and cultural industries regained some ground during 2021, they have not risen again to 2019 levels.

  • The overall unemployment level for artists in 2021 was 7.2 p.c, down from 10.3 per cent in 2020, but still bigger than in 2019, when the level was 3.7 p.c.
  • The revenue earned by executing arts corporations in the 3rd quarter of 2020 doubled in the very same quarter of 2021, from $834 million to $1.7 billion. However that amount of money remained considerably underneath 2019’s third quarter, when undertaking arts corporations gained $12.7 billion.
Unemployment Rates, Selected Performing Arts Occupations

A nationwide summary report from the Nationwide Endowment for the Arts, and an interactive graphic exhibiting the details previously mentioned, are readily available as an Arts Details Profile on arts.gov.

State-amount ACPSA info
Today’s announcement also contains details on the value-added by arts and cultural industries to states’ economies. In addition to a transient report, the NEA offers an interactive map that exhibits state-amount estimates of arts and cultural price extra, work, and compensation figures derived from the Arts and Cultural Creation Satellite Account (ACPSA). The two are obtainable in the point out Arts Data Profile on arts.gov.

For additional point out-level means, BEA has generated ACPSA reality-sheets for each and every condition and, in partnership with the NEA, the National Assembly of State Arts Organizations has developed an interactive dashboard by condition.

The Countrywide Endowment for the Arts, as a result of funding presented by the CARES Act and the American Rescue Prepare, is assisting to assistance the recovery of the arts and tradition sector by building immediate grant awards by enlisting associates at the regional, state, and community amounts to distribute funding and by staying abreast of key concerns impacting the field as effectively as insights about new strategies of doing work. For more facts, take a look at arts.gov. Information about the NEA’s recent grant options as well as sources for new and returning candidates is out there in the Grants part of the web-site.

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