FIFA World Cup's Cumulative Effect On Russian GDP In 2013-2018 Totals $14.52Bln-Organizers

FIFA World Cup's Cumulative Effect on Russian GDP in 2013-2018 Totals $14.52Bln-Organizers

The cumulative effect of the FIFA World Cup, which was held in Russia this summer, on the Russian 2013-2018 GDP has totaled 952 billion rubles ($14.52 billion),

MOSCOW (Pakistan Point News / Sputnik - 16th October, 2018) The cumulative effect of the FIFA World Cup, which was held in Russia this summer, on the Russian 2013-2018 GDP has totaled 952 billion rubles ($14.52 billion), or nearly 1 percent of the country's annual GDP, a report by the Local Organizing Committee showed on Tuesday.

"The total effect of the World Cup on the Russian 2013-2018 GDP totaled 952 billion rubles ($14.52 billion), or around one percent of the country's annual GDP. Although the tournament started influencing the GDP already in 2013, over 50 percent of the total effect accounts for 2017-2018. In these years, the GDP growth amounted to 0.4 percent of the annual index due to preparing and hosting the tournament," the report read.

Russia hosted the FIFA World Cup on June 14-July 15. The French national football team won the tournament.