The Arts as an Economic Engine Blog
The National Endowment for the Arts and the Bureau of Economic Analysis recently released data and analysis of the economic impact of the US arts and cultural sectors for the year 2021 on the country’s overall gross domestic product (GDP). The report notes that these sectors comprised 4.4% of the nation’s GDP with just over $1 trillion, and art industries employed nearly 4.9 million workers in 2021.