Written reply to PQ on Economic contributions of creative industries in past 10 years and projected changes for 2024 and 2025

Question

Ms See Jinli Jean: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) in the last 10 years, what has been the annual direct economic contributions of the six creative industries namely advertising, broadcasting media, publishing industries, interior, graphics and fashion design, photography, and industrial design in respect of (i) receipts (ii) value-added (iii) employment (iv) value-add per worker and (v) exports; and (b) what are the projected changes in their direct economic contributions for 2024 and 2025.

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1. Collectively, the creative industries have performed well in the last ten years from 2012 to 2022. Receipts have more than doubled from $16.6 billion to $39.8 billion, with exports growing from $4.3 billion to $16.2 billion. Nominal value-added has also doubled from $5.7 billion to $11.4 billion. With employment remaining stable at about 63,000 workers, the value-added per worker has thus doubled from $90,400 to $184,100.

2. The outlook for the creative industries remains positive, with opportunities to leverage technology and international partnerships to grow in Singapore and beyond.