How does that translate in terms of economic impact?
• The sector has over $2 trillion in assets. If it were a country, it would have the seventh largest economy in the world according to GDP data compiled by the World Bank. • With 9.4 million employees and 4.7 million volunteers, the nonprofit workforce consists of more than 14 million people and 10.5% of America’s workforce. • The Nonprofit sector contributes almost $322 billion in wages to the American economy. • The Nonprofit workforce outnumbers the combined workforces of the utility, wholesale trade, and construction industries. • Nationally, the Nonprofit arts and culture industry generates $166.2 billion in economic activity every year-$63.1 billion in spending by organizations and an additional $103.1 billion in event-related spending by their audiences. For full citations and further resources, check out the full fact sheet.
Related Questions
- In general terms, under this planning scenario, how would a reduction of this magnitude impact the quality of education, economic impact and operation at Georgia Tech?
- Where can I find more information about Fort Carson in terms of economic impact and size of the military station there?
- How does that translate in terms of economic impact?
