The Arts Contribute More Than $10 Billion to DC’s Economy

By Editorial Team on March 26, 2018

The Arts Contribute More Than $10 Billion to the DC’s Economy.  The District of Columbia ranks above national average in arts and culture employment.

The District of Columbia arts industries contribute $10.2 billion in value to the District’s economy, employing 52,096 arts workers who earned $7 billion, according to new data released on March 6, 2018 by the U.S. Bureau of Economic Analysis (BEA) and the National Endowment for the Arts (NEA). Overall, the value-added by the arts and culture industry represents 8.4% of the District’s economy.

“This is an exciting time of growth for the arts and culture industry in the District of Columbia,” said Director Arthur Espinoza, Jr., DC Commission on the Arts and Humanities. “Year after year we continue to see a significant positive impact on our local economy from the output of our city’s creative workforce. These findings affirm that in the District, the arts mean business.”

Produced by the BEA and NEA, the Arts and Cultural Production Satellite Account tracks the annual economic impact of arts and cultural production from 35 industries, both commercial and non-profit. The ACPSA reports on economic measures-value-added to gross domestic product (GDP) as well as employment and compensation-at the national and state levels. The numbers in this report are from 2015, the most recent reporting year. Nationally, the arts contribute $763.6 billion to the U.S. economy, more than agriculture, transportation, or warehousing and employ 4.9 million workers across the country. This data offers an insightful picture of the impact the arts have on the nation’s and, for the first time, the states’ economies.

A data dashboard produced by the National Assembly of State Arts Agencies provides more detail through its Creative Economy State Profiles.

(via DCCAH. Photo courtesy of DC Arts Studios.)