Taliesin West
New data released on March 25, 2024, show arts and cultural industries hit an all-time high in 2022, contributing 4.3% of gross domestic product, or $1.1 trillion, to the U.S. economy. Arizona’s arts & culture sector added a staggering $14.2 billion in value to the state’s economy, a 16.6% increase over 2021!
These findings and more come from the Arts and Cultural Production Satellite Account (ACPSA), a product of the National Endowment for the Arts and the Bureau of Economic Analysis that tracks the annual economic value of arts and cultural production from 35 industries — including both commercial and nonprofit entities. A national summary report and an accompanying interactive graphic are available on the NEA’s website, along with state-level estimates.
In 2022, Arizona ranked 17th among all states in ACPSA value added and 6th among all states in ACPSA value-added growth. Since 2021, ACPSA value added has grown 16.2% in Arizona, compared with an increase of 7.8% for the United States.
In 2022, Arizona ranked 20th among all states in ACPSA employment and 47th among all states in ACPSA employment growth. Since 2021, ACPSA employment has decreased 0.9% in Arizona, compared with an increase of 6.4% for the United States.
Arts and Cultural Industries as an Overall Sector
The overall arts economy grew by 4.8% in inflation-adjusted dollars from 2021 to 2022, a rate increase far surpassing that for the entire U.S. economy during the same time period. Since the pre-pandemic year of 2019, arts and cultural industries have surged by 13.6%. By contrast, the U.S. economy grew by 5.5% over the same period.
Top Arts and Cultural Industries
The top five industries by total value added to the U.S. economy in 2022 were web publishing and streaming, broadcasting, government services (including public schools), publishing, and motion picture and video industries. The largest arts and cultural industry in the U.S., web publishing and streaming services, grew 40.9% in value added to GDP since 2019. Yet, from 2021 to 2022, this industry declined for the first time in recent history (by 1.4%).
In terms of percent growth in value added, in 2022, 25 out of 35 arts industries posted amounts exceeding 2019 levels, including agents and managers, sound recording, computer systems design, web publishing and streaming, and interior design services.
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