The U.S. Bureau of Economic Analysis (BEA) recently released new data on arts and cultural production for 2012. While there is a lag in the release of the data, it is exciting that they are providing such data in collaboration with the National Endowment for the Arts.
According to the BEA: “Nominal value added from all arts and cultural production (ACP) industries – a measure of this sector’s contribution to gross domestic product – increased 3.8 percent, or $25.8 billion in 2012, according to new statistics released by the Bureau of Economic Analysis (BEA). Value added accounted for 4.3 percent, or $698.7 billion, of GDP.” (Source: http://bea.gov/newsreleases/general/acpsa/acpsa0115.pdf)
Of the core arts and cultural production industries, the top five by value added (contribution to GDP) were:
- Advertising ($29,289 million)
- Independent Artists, Writers, and Performers ($19,297 million)
- Performing Arts ($16,116 million)
- Architectural Services ($13,910 million)
- Photography and Photofinishing Services ($8,045 million)
The core arts and cultural production contributed $129,011 million to GDP, while the supporting arts and cultural production industries contributed $547,003 million, and all other industries that have secondary production designated as artistic and cultural production contributed $22,681 million.
Total arts and cultural production amounted to 4,676.4 thousand jobs in 2012 with core arts and cultural production accounting for 956.4 thousand of those jobs. The supporting arts and cultural production industries employed 3,537.4 thousand, and all other industries contributed 182.6 thousand jobs. Interestingly, total employment continues to decline since the 2007. The core arts and production industries showed employment growth in 2011 and 2012, but the supporting arts and cultural production industries have seen declines employment in each year since 2007. I am not sure what is driving this dichotomy, but maybe the core arts and cultural industries are bringing some of the support work in-house causing a decline in employment in the supporting arts and cultural industries.