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Russia’s creative sector set to expand to 6% of GDP by 2030 — Novak

Movie projects are being developed with BRICS and EAEU countries and also with African nations, the Russian deputy prime minister noted

MOSCOW, December 11. /TASS/. Creative industries are booming in Russia, and are set to double their share in the country’s GDP by the end of the decade, Deputy Prime Minister Alexander Novak said.

"Currently, creative industries account for 3% of our national economy. Globally, the highest share is in China at 4.9%. In other countries, the figure is similar to ours, varying slightly above or below. We have already reached a fairly decent level," Novak said.

"However, the President has set an ambitious goal to further increase the contribution of creative industries. During the preparation of the national project, we proposed a target of 6%. This means doubling the share within six years, and we believe this is entirely achievable given the immense potential," the official said.

Movie projects are being developed with BRICS and EAEU countries and also with African nations, the deputy prime minister noted.

"And this goes beyond just cinema. We are talking about various creative industries, everything from architecture and video games to design and traditional crafts. In my opinion, there is huge export potential and we will work together with regions not merely to carry out the task set by the president to increase the share to 6% inside our economy but also to promote the sale of relevant products and industries for exports," Novak added.

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Alexander Novak

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