Cultural institution in the U.S. last year spent $7.9 billion
ARTinvestment.RU   13 августа 2020

This year a repeat result is not obtained – loss of art-индустрии the United States already amounted to $150 billion And this is not the final figure

According to the Index of infrastructure of cultural sector, recently published by AEA Consulting, in 2019 the construction of new buildings in the sphere of culture and art in the world was spent in total $7.9 billion — about the same as was spent in 2018. Despite the impressiveness of this figure, even prior to the beginning of a pandemic, specialists said the number and value of investments in such projects by 2019 reached its peak: the maximum value was recorded in 2016, when the number of new projects reached 135 per year.

of Course, no one could guess how the world will change in a pandemic. Instead of a smooth deceleration of growth in the number of new projects and the gradual stabilization invested in construction funds, experts say not only about the suspension of many projects, but also about re-purposing ready buildings for new needs. Most of all – healthcare.

According to recent data of the analytical center of the Brookings Institution, in the period from April 1 to July 31, 2020 art-индустрия, the US has lost nearly 2.7 million jobs and received more than $150 billion in revenue from commercial activities. The most badly damaged areas of the visual and performative art, the losses of which amounted to about 1.4 million jobs (about 50%), and about $42.5 billion. Among the professions most affected by the economic consequences of the pandemic, the report cited not only artists, but also photographers, musicians, writers and actors.

Studying these results, and especially comparing them with the figures of previous years, it is worth remembering that 2020 is not over, and we can only guess what else will bring us the remaining years 4 months.


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