Tag Archives: U. S. Department of Commerce

Museums and Historic Sites Climbing Out of Recession Slowly

Museum Revenue 2009-2014 According to data from the U. S. Department of Commerce, museums, historic sites, and similar institutions are climbing out of the 2008 recession but it’s been slow and rocky.  For 2009, quarterly revenues averaged $2.6 billon and for 2013 it grew to an average of $2.9 billion per quarter.  The overall upward trend is slow (red line in chart) but each passing year has improved.  Annual revenues have grown from 1 percent in 2010 to 7 percent in 2013 when compared to the previous year.   On a quarterly basis, however, it is a very rocky road. Within a single year, revenues fluctuated 18 to 38 percent, suggesting that while revenues are looking better over the long run, in the short run Continue reading