New Pittsburgh Courier: Creative industries including Hollywood and broadcasting contribute more to the U.S. economy than previously thought, the government said Monday in its first official analysis of the arts and culture sector’s economic value.
The report from the National Endowment for the Arts and U.S. Bureau of Economic Analysis shows arts and culture contributed more than $698 billion to the economy — about 4.32 percent of U.S. goods and services. The study of the creative sector’s contribution to U.S. gross domestic product is based on 2012 data, the most recent figures available, and includes nonprofit, for-profit and government-funded programs.
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