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New York City values the arts and culture as an industry that draws people to the City, creates new job opportunities, and contributes to economic dynamism. Thus, it actively supports the arts and arts education. An outline of data the City collects and analyzes regarding the economic impact of the arts on New York City is as follows:
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Number of visitors to New York City and their total spending

Year |

Visitors/year |

Total Spending |
| 2001 |
39.4 million * |
$17.1 billion (2.052 trillion yen) * |
| 2000 |
38.4 million |
$16.7 billion (2.004 trillion yen) |
| 1999 |
36.7 million |
$15.6 billion (1.872 trillion yen) |
| 1998 |
33.0 million |
$14.7 billion (1.764 trillion yen) |
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* New York Convention & Visitors Bureau projection

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Broadway has thirty-eight musical theatres, many of which feature long-running musicals. Statistics regarding these theatres/musicals follow.

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Broadway theatre attendances/sales(1998.6-1999.6)

Attendees/year |

11.67 million |
Ticket sales |
$588 million (70.56 billion yen) |
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Source: "The New York Convention & Visitors Bureau"

Longest-running Broadway Musicals

Musical |

Performances |

Run |
Cats |
7,485 |
1982- |
A Chorus Line |
6,137 |
1975-1990 |
Oh! Calcutta |
5,962 |
1976-1989 |
Les Miserables |
5,802 |
1987- |
The Phantom of the Opera |
5,510 |
1988- |
Miss Saigon |
4,095 |
1991- |
42nd Street |
3,485 |
1980- |
Grease |
3,388 |
1972-1980 |
Fiddler on the Roof |
3,224 |
1964-1972 |
Life with Father |
3,224 |
1939-1947 |
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Source: Theatre.com

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The Economic Impact of the Arts on New York City

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Economic impact generated by nonprofit organizations |

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$3.2 billion(384 billion yen) |

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Economic impact generated by commercial theatres |

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$1 billion(120 billion yen) |

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Economic impact generated by commercial art galleries |

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$823 million(98.8 billion yen) |

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Economic impact generated from motion picture and television production |

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$3.4 billion(408 billion yen) |

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Economic impact generated by visitor spending |

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$2.5 billion(400 billion yen) |

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Direct economic impact |

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$2.5 billion(21.2 billion yen) |

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Total |

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$11.1 billion(1.332 trillion yen) |

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Employment generated by the arts in New York City

Employment generated by the arts directly and indirectly |

130,466 |
Taxes returned to New York City as a result of arts-related activities |
$221 million (26.52 billion yen) |
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Source: "The Economic Impact of the Arts on New York City and New York State," study by McKinsey Consulting, 1997
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