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Q: Entertainment consumption as percentage of total domestic consumption in 1960 ( Answered,   0 Comments )
Question  
Subject: Entertainment consumption as percentage of total domestic consumption in 1960
Category: Business and Money > Economics
Asked by: mickeybitsko-ga
List Price: $100.00
Posted: 23 Apr 2006 22:52 PDT
Expires: 23 May 2006 22:52 PDT
Question ID: 722163
What percentage of domestic retail spending did leisure spending
represent in 1960? (better yet, 1955-60 if that's somehow more
comprehensive or equally available)  AND What is the percentage today?
(defined as any timeframe available after 1998)
 Raw figures about total amounts, and related statistical information
about ?entertainment industry? consumption compared to the entire domestic
retail "economy" in these timeframes will be worth extra tip compensation.
Answer  
Subject: Re: Entertainment consumption as percentage of total domestic consumption in 1960
Answered By: vercingatorix-ga on 24 Apr 2006 13:18 PDT
 
Dear Mickey,

In 1955, $5.2 billion was spent on recreation (leisure services) in
the U.S., representing just 2% of the $258.8 billion in total
consumption spending. Recreation (leisure) spending has steadily
increased as a percentage of consumption spending over the last 50
years. In 2005, the $355.2 billion spent on recreation represented
4.1% of the $8,745.7 billion spent on consumption of goods and
services.

Leisure encompasses such services as hotels, amusement park
admittance, tickets to sporting events, etc.

I?ve pasted 12 years of data (1955 to 1960, 2000 to 2005), but data
from 1929 to present is available at
http://www.bea.gov/bea/dn/nipaweb/TableView.asp#Mid.

Overall, spending on all forms of entertainment, both goods and
services, has increased in recent years. However, I was unable to find
a detailed breakdown of entertainment spending categories from 40 or
50 years ago.

	                1955    1956    1957   1958    1959     1960   
Consumption Spending	258.8	271.7	286.9	296.2	317.6	331.7
Leisure Services	5.2	5.6	5.6	5.8	6.4	6.9
Recreation as % 
of Consumption	        2.0%	2.1%	2.0%	2.0%	2.0%	2.1%

	                2000    2001    2002   	2003    2004    2005   
Consumption Spending	6,739	7,055	7,351	7,710	8,214	8,746
Leisure Services	268.3	284.1	299.1	318	338.8	355.2
Recreation as % 
of Consumption	        4.0%	4.0%	4.1%	4.1%	4.1%	4.1%

Search strategy: Knew where to find data. No search.
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