New BEA Data Shows Economic Impact of Delaware's Arts & Cultural Sector - 2022 - Delaware Division of the Arts

The National Endowment for the Arts (NEA), in conjunction with the U.S. Bureau of Economic Analysis (BEA), has released its annual update on the national and state-level contributions of the arts and cultural sector to the nation’s gross domestic product (GDP). The new data looks at the contributions of the arts and cultural industries in 2022.

The data demonstrates the significant contribution of the arts and cultural industries to the national economy in 2022 while also underscoring the continued impact of the pandemic on the sector. The Arts and Cultural Production Satellite Account (ACPSA) tracks the annual economic value of arts and cultural production from 35 industries—including both commercial and nonprofit entities.

acpsa 2022 — Source: U.S. Bureau of Economic Analysis

Between 2021 and 2022, every state and the District of Columbia saw growth in value added to their economies from arts and cultural industries, with 21 states showing increases of 10 percent or greater, when not adjusting for inflation. The added economic value from arts and culture surpassed 2019 levels for every state and DC. In terms of employment, although 45 states and DC have seen stable or growing arts and cultural employment from 2021 to 2022, only 20 states have reached or surpassed their 2019 levels.

Despite setbacks for those industries, the overall national arts economy in 2022 represented 4.3 percent of GDP, or just over $1.1 trillion—a new high-water mark.

Economic Impact at the State Level

The U.S. Bureau of Economic Analysis reports that in 2022 arts and cultural production in Delaware accounted for:

$1.1 billion economic impact
8,971 jobs
1.3% of the state’s economy

Trends in arts and cultural production: 2021—2022

In 2022, Delaware ranked 50th among all states in ACPSA value added and 2nd among all states in ACPSA value added growth. Since 2021, ACPSA value added has grown 18.3 percent in Delaware, compared with an increase of 7.8 percent for the United States.

ACPSA Value Added- 2022

In 2022, Delaware ranked 50th among all states in ACPSA employment and 3rd among all states in ACPSA employment growth. Since 2021, ACPSA employment has grown 12.7 percent in Delaware, compared with an increase of 6.4 percent for the United States.

ACPSA Employment- 2022

In 2022, Delaware ranked 50th among all states in ACPSA compensation and 3rd among all states in ACPSA compensation growth. Since 2021, ACPSA compensation has grown 15.8 percent in Delaware, compared with an increase of 4.3 percent for the United States. Average compensation per wage-and-salary job in Delaware’s ACPSA industries was $71,412 in 2022, compared with $82,847 for all salaried jobs in the state.

ACPSA Compensation - 2022

Comparing Arts and Culture to Other Sectors of the Delaware Economy

Arts and cultural Value Added in Delaware ranked 6th among the comparison sectors. Comparison industries are selected industry categories using the North American Industry Classification System (NAICS) drawn from BEA’s 2022 state level data for employment (full-time and part-time workers), compensation and value added by industry. The comparisons are not mutually exclusive—arts and culture includes, for example, portions of other sectors such as construction and retail trade.

Value Added (2022_ Delaware Data

Arts and cultural Employment in Delaware ranked 4th among the comparison sectors. Comparison industries are selected industry categories using the North American Industry Classification System (NAICS) drawn from BEA’s 2022 state level data for employment (full-time and part-time workers), compensation and value added by industry. The comparisons are not mutually exclusive—arts and culture includes, for example, portions of other sectors such as construction and retail trade.