The ACEC Research Institute has released a report detailing the impact of the A&E services economic contribution to the overall US economy. The study reports that 2019 revenue for the A&E services sector totaled $386 billion. The total economic contribution of A&E services in 2019 reached nearly $600 billion, and the industry’s analogous contribution to the economy in 2019 was $2.2 trillion.
The report, part of the Engineering Industry Impact Series, is intended to help ACEC and design firms show the economic contribution the design industry makes to the overall economy so that they can effectively advocate for public investment at the local, state, and federal levels. The institute also plans to release a 5-year forecast of what lies ahead for the A&E services industry later this year.