BEA/NEA data released

According to the latest data issued on March 17, 2020 by the Bureau of Economic Analysis  of the US Department of Commerce and the National Endowment for the Arts, before the pandemic the creative sector was a vital component of the U.S. economy. As the United States navigates the spread of COVID-19 to emerge on the other side, it is important to recognize and champion the economic contributions of creative businesses and workers to all 50 states, the U.S. territories, and the nation as a whole.

To sum up the most recent numbers for Wisconsin (as of 2017):

  • $10.1 billion in value-added to the state’s economy through the arts (up from $9.7 billion in 2016)
  • 96,651  jobs in the arts – more than the state’s beer, papermaking and biotech industries (up from 94,167 in 2016)
  • $5.8 billion arts worker compensation (up from $5.6 billion in 2016)
  • 3.1% arts’ value-added as a share of state’s economy (same as 2016)

Nationally, arts and cultural economic activity accounted for 4.5 percent of gross domestic product (GDP), or $877.8 billion, in 2017.

The ACPSA tracks the annual economic impact of arts and cultural production from 35 industries, both commercial and nonprofit. The 35 industries that are tracked range from architectural services to sound recording and are considered a distinct sector of the nation’s economy. With the outbreak of COVID-19, most arts businesses in Wisconsin and throughout the country —theaters, concert halls, museums, studios, festivals, production companies, and galleries—have shut their doors until further notice from public health officials.

This is important industry information as the state and feds plan for the COVID-19 business and worker support and economic emergency stimulus packages.

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