During the coronavirus (COVID-19) pandemic, several museums worldwide had to close to the public for long periods, as governments enacted lockdowns and strict safety regulations to contain the health crisis. As a result of the closures, most museums around the world reported revenue losses in 2020. According to a May 2021 study, about 12.5 percent of surveyed museums lost more than 90 percent of annual revenue in 2020. Meanwhile, only one in ten institutions experienced a revenue loss of up to 10 percent.
Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020
*The source specifies that: "51 percent of respondents come from Europe, 8.3 percent from North America, 13.9 percent from Latin America and the Caribbean, 11.6 percent from Asia, 8.3 percent from Africa, 4.3 percent from the Pacific, and 2.6 percent from the Arab Countries region".
The survey question was phrased by the source as follows: "What percentage of its annual revenues did your museum lose in 2020?".
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International Council of Museums. (July 5, 2021). Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020 [Graph]. In Statista. Retrieved July 07, 2022, from https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums. "Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020." Chart. July 5, 2021. Statista. Accessed July 07, 2022. https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums. (2021). Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020. Statista. Statista Inc.. Accessed: July 07, 2022. https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums. "Share of Annual Revenue Lost by Museums Worldwide during The Coronavirus (Covid-19) Pandemic in 2020." Statista, Statista Inc., 5 Jul 2021, https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums, Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020 Statista, https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/ (last visited July 07, 2022)
