Thursday, July 3, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > CEO Life > Art & Culture > New Data Show Economic Impact of COVID-19 on Arts & Culture Sector

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

in Art & Culture
New Data Show Economic Impact of COVID-19 on Arts & Culture Sector
Share on LinkedinShare on WhatsApp

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.

Value Added to U.S. GDP By Selected Sectors

In year one of the COVID-19 pandemic, few areas of the U.S. economy were harder hit than the performing arts:

  • Performing arts presenters and performing arts companies joined oil drilling/exploration and air transportation as the steepest-declining areas of the U.S. economy in 2020.
  • After adjusting for inflation, the value added by performing arts presenters (including festivals) fell by nearly 73 percent between 2019 and 2020.

Other arts and cultural industries also saw steep declines in economic activity between 2019 and 2020:

  • The value added from new construction of arts and cultural facilities declined by 24.3 percent; museums by 22.0 percent; independent artists/writers/performers by 20.6 percent; and motion picture and video production industries by 17.9 percent.

(Note: “Independent artists/writers/performers”—a single industry—includes the self-employed and those working as independent contractors. Within the ACPSA, earnings from these workers are captured as gross output and value added. Yet, as workers, they are excluded from ACPSA employment data.)

Top Contributors to Arts and Cultural GDP

However, several large industries helped to cushion declines for the overall arts sector:

  • Between 2019 and 2020, the value added by web publishing and streaming—already a growth industry—leapt by 14.3 percent. Employment in this industry grew by 12,000 salaried workers.
  • Government’s arts and cultural contributions—both in terms of employment and in value added to GDP—remained fairly stable between 2019 and 2020. Examples of arts and cultural goods and services provided by government include arts education in public schools; museums and nature parks; and federal, state, and local arts funding.
  • In addition, the economic contributions of TV and radio broadcasting fell by only 1.5 percent; and value added by publishing industries changed very little between 2019 and 2020.

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

  • 40 percent of the decline in arts and cultural employment (salaried workers only) occurred in three industries: motion picture and video production; performing arts presenting; and performing arts companies.
  • Motion picture and video production lost the greatest number of workers in 2020—136,000.
  • Employment by performing arts presenters and performing arts companies fell by 56,000 and 50,000 workers, respectively.

As noted above, ACPSA employment data exclude self-employed workers. Yet artists are far more likely than other workers to be self-employed.

Employment, Motion Picture and Performing Arts Industries

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

  • The overall unemployment rate for artists in 2021 was 7.2 percent, down from 10.3 percent in 2020, but still greater than in 2019, when the rate was 3.7 percent.
  • The revenue earned by performing arts companies in the third quarter of 2020 doubled in the same quarter of 2021, from $834 million to $1.7 billion. Yet that amount remained far below 2019’s third quarter, when performing arts companies earned $12.7 billion.

(Courtesy National Endowment for the Arts)

Tags: arts GDPCOVID-19 arts

Related Posts

An Art Lover’s Guide to Mexico City
Art & Culture

An Art Lover’s Guide to Mexico City

British Library symbolically reinstates Oscar Wilde’s reader pass
Art & Culture

British Library symbolically reinstates Oscar Wilde’s reader pass

The Impact of Film on Society: A Deeper Look
Art & Culture

The Impact of Film on Society: A Deeper Look

Is Art Criticism Getting More Conservative, or Just More Burnt Out?
Art & Culture

Is Art Criticism Getting More Conservative, or Just More Burnt Out?

Rashid Johnson: A Poem for Deep Thinkers
Art & Culture

Rashid Johnson: A Poem for Deep Thinkers

How To Start Your Art Collection
Art & Culture

The trouble with AI art isn’t just lack of originality. It’s something far bigger

Sotheby’s to auction oldest inscribed tablet of the Ten Commandments
Art & Culture

Blue-Chip Artists Help Sotheby’s Three-Pronged Finale to a Solid $186.1 M. Total

“Architecture is Survival”: In Conversation with Curator Carlo Ratti at the 2025 Venice Architecture Biennale
Art & Culture

“Architecture is Survival”: In Conversation with Curator Carlo Ratti at the 2025 Venice Architecture Biennale

A child scratched a Mark Rothko masterpiece worth millions
Art & Culture

A child scratched a Mark Rothko masterpiece worth millions

Remembering Pope Francis, proprietor in trust of the Vatican’s library and art collections
Art & Culture

Remembering Pope Francis, proprietor in trust of the Vatican’s library and art collections

No Result
View All Result

Recent Posts

  • How a Data-Driven Mindset Powers McAfee’s Growth
  • House on track for July 4 deadline after all-nighter
  • Trump lifts chip restrictions on China
  • Constellation CEO attributes beer sales decline to immigration crackdown
  • Bipartisan support saved our public lands from being sold off

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.