Arts & Culture Grows at Faster Pace in 2013

 
GENERAL

Research Abstract
Arts & Culture Grows at Faster Pace in 2013

"Arts and cultural economic activity – adjusted for inflation – grew 2.5 percent in 2013, according to estimates of the industries’ real value added by the Bureau of Economic Analysis (BEA). That compares with a 1.1 percent increase in 2012.

Information services and design services were the leading contributors to the growth in 2013. Overall, 26 of 36 – arts and culture related industries – contributed to the increase. This is the first time that BEA has released inflation-adjusted statistics that track the changing economic impact of arts and culture.

Core arts and cultural industries, such as performing arts, museums and design services, grew 3.3 percent. Real value added for supporting industries, including art support services and information services, increased 2.5 percent" (Aversa, Kern 2016).

"Arts and cultural economic activity – adjusted for inflation – grew 2.5 percent in 2013, according to estimates of the industries’ real value added by the Bureau of Economic Analysis (BEA). That compares with a 1.1 percent increase in 2012" (Aversa, Kern 2016).

BIBLIOGRAPHY

Report
Aversa, Jeannine; Kern, Paul
11
February 16, 2016
PUBLISHER DETAILS

U.S. Department of Commerce Bureau of Economic Analysis
4600 Silver Hill Rd.
Washington
DC, 20233
United States
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