While historically it has been hard to pin down an ‘economic value’ on art, Dave O’Brien argues that the sector should learn from the green movement in applying an economic valuation based-approach, which may help the sector to make a better case for culture in a time of austerity. Arts and culture adds nearly $60 billion more than construction and $227 billion more than transportation and warehousing to the U.S. economy. "Any rescue package for the arts and cultural sector must include income support for the tens of thousands of freelance and casual workers in the sector who have been unable to claim JobKeeper."

Arts and culture play a significant role in the economic activity of the country. Find your state-specific contribution to GDP with NASAA’s Creative Economy State Profiles. Ensuring that inclusion, diversity, equity, and access are central principles in all business practices will have a lasting impact on the success of individual organizations, the broader arts and culture sector, and the communities that they serve for years to come. Between 1998 and 2016, the arts and culture sector’s contribution to GDP grew by 69.5%. Arts Learning The sector contributes £2.8billion a year to the Treasury via taxation, and generates a further £23billion a year and 363,700 jobs. For the purposes of this paper, however, “arts and culture sector” is not a set of industry codes, as might be the case in defining “creative industries,” but rather considered to be that sector of economic and social activity that places artistic production at its center and from which culture results.

Source: National Endowment for the Arts, The Arts and Economic Growth (2020) The … Through partnerships with state arts agencies, local leaders, other federal agencies, and the philanthropic sector, the NEA supports arts learning, affirms and celebrates America’s rich and diverse cultural heritage, and extends its work to promote equal access to the arts … The value-added to GDP by arts and cultural production is nearly five times greater than that of the agricultural sector. On 25 March 2020, Minister Nathi Mthethwa committed R150 million towards a Relief Fund to assist artists, athletes, technical personnel and its core ecosystem, to soften the economic impact of the COVID – 19 pandemic. Since 2002 we’ve been involved in promoting arts and culture through everything from strategies highlighting the value of the sector to creating names and identities for new cultural destinations. We’re passionate about arts and culture and the role it plays in our communities. The GVPTA continues to poll the arts and culture sector with another survey currently underway. Worldwide, the turnover of cultural industries makes this the fifth-largest economic sector, which comprises design, the performing arts, dance, film, television, multimedia, cultural heritage, cultural tourism, visual arts, crafts, music and publishing. The economic impact of the Covid-19 pandemic on the arts and culture industry across the U.S. has mounted to $4.5 billion, according to a survey by the nonprofit Americans for the Arts. In the government’s programme of cuts it has become clear that the arts may well be hit the hardest. Arts Learning

We believe arts and culture can bring people together, push forward social change, engage the harder Arts and culture adds nearly $60 billion more than construction and $227 billion more than transportation and warehousing to the U.S. economy. Department of Sport, Arts and Culture thanks the sectors for submitting their applications for the COVID-19 Sector Relief Fund.

The GVPTA continues to poll the arts and culture sector with another survey currently underway.

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