Culture minister: Creative economy contributes UAH 117 B to GDP

"The creative economy contributes UAH 117 billion to the country's GDP, accounting almost for 4% of added value. A total of 3.8% of the working population of Ukraine work in creative industries," Minister of Culture and Information Policy of Ukraine Oleksandr Tkachenko said at the 5th annual international forum "Creative Ukraine", an Ukrinform correspondent reports.

According to him, such data are similar to those of developed democracies. "Every tenth business entity is a creative entrepreneur. And it does not mean anything if a company is small as everything may change tomorrow," the minister added.

Tkachenko believes that investors may benefit from investing in the creative economy. For example, he added, a creative industry worker generates greater value than a worker of other sectors of the economy. "This is UAH 332 compared to transport, machine building, and financial and insurance activities," Tkachenko said.

At the same time, the minister added, the creative industries account for 30% of total exports of services.

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