ANALYSIS: COVID-19’s Impacts on Arts and Culture

Arts in the U.S. Economy The arts encompass a broad range of industries as well as professions. At the federal level, the most thorough source of financial information for this market is the Arts and also Cultural Production Satellite Account (ACPSA), made feasible with a partnership between the Bureau of Economic Evaluation and the National Endowment for the Arts. According to the most current data, arts as well as society contribute 4.5% of the annual national GDP through straight financial task 4 and 3.4% of the total job pressure. The arts and also cultural market is composed of myriad industries such as film, marketing, and digital and visual arts, as well as particular private line of work like performers, musicians, architects, graphic designers, as well as managers. In addition to its straight payments to the economic situation, the arts as well as culture industry supports and also is sustained by other professions, such as not-for-profit managers, promoters, accounting, as well as money, more amplifying its economic impact.