Thursday, December 5, 2013

Report: Arts, Culture Add $500B to Nation's GDP

Report: Arts, Culture Add $500B to Nation's GDP: "Creative industries led by Hollywood account for about $504 billion, or at least 3.2 percent of U.S. goods and services, the government said in its first official measure of how the arts and culture affect the economy.

On Thursday, the U.S. Bureau of Economic Analysis and the National Endowment for the Arts will release the first-ever estimates of the creative sector's contributions to U.S. gross domestic product based on 2011 data, the most recent figures available. GDP measures the nation's production of goods and services."

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