Background

Dataset

Arts and Cultural Production Satellite Account (ACPSA).

Periodicity

Launched in 2013, the ACPSA is intended as an annual product.

Source/Sponsor

Partnership between the NEA’s Office of Research & Analysis and the U.S. Bureau of Economic Analysis.

Research Topic

Arts and the GDP

Notable Features

  • Inflation-adjusted estimates of the arts and culture’s real contribution to the U.S. economy
  • Value added
  • Gross output
  • Full time-series spanning 1998-2016
  • Employment and compensation by arts and cultural industries
  • Supply and consumption of arts and cultural goods and services, including imports and exports
  • Gross output price indexes for arts and cultural commodities
  • Arts and cultural commodity output and employment multipliers

Overview

Over the most recent three-year period (2014-2016), the average annual growth rate of real value added by arts and culture was 4.2 percent, stronger than the 2.2 percent growth rate generated by the total U.S. economy.

The fastest-growing industries producing arts and cultural goods and services span sound recording and “other information services” (e.g., Internet publishing and broadcasting/streaming), publishing, and architectural services.