Economic Trends in the Creative Arts Industry in Portland Oregon

Epitome from Pixaby user Gerd Altman.

Washington, DC—After more than a year enduring the pandemic, the arts and cultural industries remain among the hardest hitting by the economical crises inflicted by COVID-19. New information released today by the National Endowment for the Arts and the Bureau of Economic Analysis (BEA) describe the national and state-level contributions of the arts and cultural sector to the nation's gdp in 2019. These data from the Arts and Cultural Production Satellite Account (ACPSA) show the sector as thriving just earlier the pandemic struck.

ARTS AND CULTURAL PRODUCTION SATELLITE ACCOUNT DATA FROM 2019

The ACPSA tracks the annual economic affect of arts and cultural product from 35 industries, both commercial and nonprofit. Those 35 industries range from architectural services to sound recording and, in whole or in varying segments, are considered a singled-out sector of the nation's economy.

The information shows that in 2019, economic activity in the sector had been expanding:

• Production of arts and cultural goods and services in the U.South. added 4.three percent directly to the nation'southward Gross domestic product, for a total budgeted a trillion dollars ($919.7 billion).
  • This amount remains greater than the value added by such industries every bit construction, transportation and warehousing, mining, and agriculture.
• Arts and cultural industries had v.2 million workers on payroll with full bounty of $447 billion. This figure does not include self-employed arts workers.

Other findings from the ACPSA:

• Over a three-year period (2017-2019), the value added to Gross domestic product from arts and cultural production has grown at a 3 percent clip—slightly higher than the growth charge per unit for the U.S. economy as a whole.
  • Leading growth industries include: spider web publishing and spider web streaming services (+eleven.8 pct), fine arts pedagogy (+ix.8 percent), and landscape architectural services (+ vii.8 percent
• The arts continue to generate a widening trade surplus. From 2006 to 2019, this surplus has grown 10‐fold, to more than $33 billion.

The National Assembly of State Arts Agencies has created state dashboards that let users to see the value-added by arts and cultural industries to the state's economy as well as key industries in the arts and cultural sector. The dashboards also show arts employment numbers for each land. In add-on, BEA has produced ACPSA fact-sheets for each land. These and other resources, along with a national summary report by the Arts Endowment, are bachelor every bit an arts data profile.

POSITIONING NEW ACPSA DATA WITH OTHER Resource

In contrast to today'southward ACPSA information is a January 2021 report developed by the Federal Emergency Management Agency (FEMA), Argonne National Laboratory, and the Arts Endowment. This report notes that within the arts and civilisation sector, "Nowhere has the issue been more than directly, deep, and immediate than on the performing arts." Contrasting the FEMA report'due south unemployment numbers from the third quarter of 2020 with the ACPSA data from 2019 yields the post-obit motion-picture show of the performing arts.

•Musicians: In 2019, the unemployment charge per unit was 1.1 percent representing three,000 professionals. In the third quarter of 2020, the rate rose to 27.i pct and 56,000 professionals.
•Actors: In 2019, the unemployment rate was 24.seven percent representing 11,000 professionals. In the tertiary quarter of 2020, the charge per unit rose to 52.three per centum and 28,000 professionals.
•Dancers and choreographers: In 2019, the unemployment rate was x.7 percent or 3,000 professionals. In the 3rd quarter of 2020, the rate rose to 54.vi percent and 8,000 professionals.

According to the Arts Endowment's Artists and Other Cultural Workers: A Statistical Portrait published in 2017, artists are 3.half-dozen times equally likely as other workers to be self-employed, approximately 34 percent of all artists compared with nine percent of all workers.

Edifice THE ROAD TO RECOVERY

With its information description of the arts and cultural mural pre-pandemic, the ACPSA provides a destination towards which the arts community can bulldoze its piece of work building the road to recovery. The Arts Endowment is and will be facilitating that journeying through funding and sharing insights and stories with the field. For example:

Funding

• Developing guidelines for distribution of $135 million through the American Rescue Program.
• Granting waivers to grantees to alter certain grants from project-based back up to general operating back up so that organizations tin focus on building dorsum their capacities. This applies to fiscal years 2019-2021.

Sharing insights and stories

• The first in a series of webinars about the art of reopening. A Virtual Conversation on Reengaging Arts Audiences in Physical Spaces was held on March 23 that featured special guest Dr. Anthony S. Fauci.
• The Art of Reopening: A Guide to Current Practices Amidst Arts Organizations During COVID-nineteen
• NEA's American Artscape magazine's effect "The Arts in the Time of COVID"
  

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Source: https://www.arts.gov/about/news/2021/new-report-released-economic-impact-arts-and-cultural-sector

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