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BRICS+ Creative Economy: Where New Growth Centres Are Emerging

BRICS+ creative economy: Where new growth centres are emerging
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive Multilateralism

Source: ANI (Asian News International) | Original Published At: 2026-09-30 06:00:37 UTC

Key Points

  • The creative economy is emerging as a potential area of cross-border investment and economic cooperation among BRICS+ countries.
  • Creative industries are increasingly contributing to innovation, employment, exports, and urban development, according to a TV BRICS study.
  • The global creative industries market was estimated at USD 2.9 trillion in 2024 and could exceed USD 4.3 trillion by 2033, with average annual growth of 4.3 per cent.
  • The sector accounts for about 3.1 per cent of global GDP, three per cent of global trade, and more than six per cent of employment.
  • The study identifies an innovation and technology model represented by China and the United Arab Emirates.
  • It also identifies a hybrid model including Russia, Brazil, and Indonesia, and a traditional cultural model encompassing India, South Africa, Egypt, Iran, and Ethiopia.
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