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StableEconomyReported 2025-04-02 22:00

U.S. Bureau of Economic Analysis Releases Arts and Cultural Production Satellite Account for 2023

The U.S. Bureau of Economic Analysis reported that arts and cultural economic activity increased 6.6% in 2023, outpacing the broader economy's 2.9% growth, accounting for 4.2% of GDP.

Why it matters. The arts and cultural sector's growth is significant for understanding the broader economic landscape and its contribution to the U.S. economy.

01

Evidence

  • UUS Bureau of Economic AnalysisRegulator2025-04-02 22:00
    Arts and Cultural Production Satellite Account, U.S. and States, 2023 New Statistics for 2023; 1998–2022 Updated
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  • UUS Bureau of Economic AnalysisRegulator2025-04-02 22:00
    The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis shows that arts and cultural economic activity, adjusted for inflation, increased 6.6 percent in 2023 after increasing 3.8 percent in 2022 (chart 1 and table 1). By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 2.9 percent in 2023 after increasin…
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