FIFA World Cup 2018 added 14 billion dollars to Russia's economy: organisers

The figure was revealed in a report on the economic, social and environmental impact of the tournament by Alexey Sorokin, the CEO of Russia's World Cup organising committee.

Published: 16th October 2018 04:40 PM  |   Last Updated: 16th October 2018 04:48 PM   |  A+A-

Russian President Vladimir Putin (R) and Russian Prime Minister Dmitry Medvedev look at the field during the opening match of FIFA World Cup 2018 between Russia and Saudi Arabia. (File Photo | AP)

Russian President Vladimir Putin (R) and Russian Prime Minister Dmitry Medvedev look at the field during the opening match of FIFA World Cup 2018 between Russia and Saudi Arabia. (File Photo | AP)

By AFP

DOHA: The 2018 World Cup added more than $14 billion to the Russian economy, more than one percent of the country's gross domestic product, tournament organisers said in Doha on Tuesday.

The figure was revealed in a report on the economic, social and environmental impact of the tournament by Alexey Sorokin, the CEO of Russia's World Cup organising committee.

"The figure the report comes up with is quite surprising," Sorokin told a football conference in Qatar, which is the host of the next World Cup in 2022.

It calculated that the impact of the World Cup on Russian GDP between 2013 and 2018 was 952 billion roubles ($14.5 billion, 12.5 billion euros).

This was the equivalent of 1.1 per cent of GDP. The report, prepared by Russian World Cup organisers, also said that the tournament created up to 315,000 jobs per year in Russia and would still have an impact on the economy over the next five years.

Despite warnings prior to the tournament over hooliganism and the political situation involving Russia and Western countries, the 2018 World Cup was considered a success.

It is not clear if the figures were subjected to any independent scrutiny.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp