The coronavirus pandemic has had a significant impact on the development of the domestic economy in the creative industries. According to the results of 2020, the most profitable sectors were new media and IT, which have demonstrated revenue growth at the level of 46.6 billion UAH or 26.2% of the previous year. A decrease in incomes was observed in the field of audiovisual art, which lost 2,8 billion UAH or 8,1% in 2020.
The development of the creative industries had a positive impact on the amount of taxes paid. In 2020, the industry provided revenues to the state treasury at 26 billion hryvnias, which is 15.8% more than in 2019.
What are the prospects for the creative industry? How do creators boost the economy and improve the world we live in?