The output of Libraries, Archives, Museums, and Other Cultural Activities in the US is forecasted to see a steady increase from 2024 to 2028, with a value rising from $18.26 billion to $20.09 billion. The industry experienced consistent growth year-on-year with percentage increases of approximately 2.52% from 2024 to 2025, 2.46% from 2025 to 2026, 2.40% from 2026 to 2027, and 2.29% from 2027 to 2028. In 2023, this sector's output stood at $17.80 billion, and the compounded annual growth rate (CAGR) over the five forecasted years is about 2.47%.
Future trends to watch for include increased digitalization and technological integration within cultural sectors, emphasis on sustainability and environmental concerns, and growing public investment and participation in cultural activities as economic conditions stabilize post-pandemic.
