Creative Industry in Ukraine

by Evgeny Lazorenko
Thursday, December 9, 2021
Creative Industry in Ukraine

In 2020, the creative industry added almost 5% of the value-added to the Ukrainian budget

In 2020, Ukraine's creative industries generated 4,2% of the value-added of the Ukrainian economy. That's 132,4 billion ($4,8 billion). This figure exceeds the 2019 figures of 3,9% of value-added. As we can see, the figure is not great, but the dynamics are positive.

"The results of creative business growths are already impressive: 0,3% higher contribution to GDP compared to the year before. And this was during the corona crisis when the sphere suffered considerable losses. Therefore, we will continue to stimulate its development. And research will not stop there: after all, market analytics and statistics are essential. It helps to understand the real picture and helps to find points to move in the future," said minister of culture and information policy Oleksandr Tkachenko.

Over the past few years, Ukraine has become a natural filming ground for foreign directors. Don't be surprised if you see a foreign film crew right under your house or work. Ukraine attracts foreigners the most to shoot commercials.

In addition, filming in Ukraine will cost many times cheaper than in the United States. For example, renting a station for Apple advertising costs only  $10 thousand. At the same time, such advertising in New York will cost almost $50 thousand. If, on average, the video shooting will cost Kyiv $10 thousand, then in America or Europe all $100 thousand.

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