According to an article released on Monday, March 10, 2014, online by the Chronicle of Higher Education, preliminary estimates from the Arts and Cultural Production Satellite Account indicate some stunning data:
- The total economic output (gross revenue and expenses) for arts education in 2011, the most recent year for which data are available, was $104-billion. Arts education thus claims the second largest share of output for all U.S. arts and cultural commodities, after the creative services within advertising.
- In 2011, arts education added $7.6-billion to the nation’s GDP.
- In that year alone, arts education as an industry employed 17,900 workers whose salaries and wages totaled $5.9-billion.
- For every dollar consumers spend on arts education, an additional 56 cents is generated elsewhere in the U.S. economy.
The Arts and Cultural Production Satellite Account is meant to trace the relationship of arts and cultural industries, goods, and services to the nation’s gross domestic product.
This is preliminary data, and the “arts education” here only means post-secondary fine arts schools, but even with this small amount of data, the findings are exciting.
For the full article, see http://chronicle.com/article/Who-Knew-Arts-Education-Fuels/145217/