Here’s How Much Photography Contributes to the U.S. Economy

Posted by on Friday March 16, 2018 | Business

Graphic: NEA

We all know intuitively that the arts enrich our lives, but new figures from the National Endowment for the Arts (NEA) and the U.S. Bureau of Economic Analysis put some hard numbers to that sentiment.

In a new report, the NEA says that the arts contribute $763.6 billion to the U.S. economy, more than agriculture, transportation, or warehousing (take that, warehousing). Roughly 4.9 million workers across the country are employed in an artistic field earning more than $370 billion.

And with President Trump upset about America’s trade deficit, he’ll be happy to learn that the U.S. is a net exporter of artistic products, running a $20 billion surplus.

As for photography and photo-finishing services, the NEA found that they contributed $10.2 billion to the U.S. economy in 2015 (the most recent year the survey canvases). From 2012-2015, this sector enjoyed a growth rate of 2.9 percent.

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Posted by on Wednesday June 13, 2018 | Business, Uncategorized

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