Between 2013 and 2018, the World Cup brought 952 billion rubles ($14.5 billion) into the Russian economy, according to an organizing committee report obtained by Interfax.
“The impact is attributed to investments in infrastructure, tourist expenses during the tournament and other expenses in preparing for the championship,” Interfax quoted the report as saying.
The knock-on effect could bring up to 210 billion rubles of annual revenue in the next five years, the report said.
In the five-year run-up to the World Cup, 315,000 jobs were created every year and earned income grew by a total of 450 billion rubles. Small businesses also saw profits spike by almost 800 billion rubles.
Tourism development brought an estimated $3 billion into the economy, surpassing previous football tournaments in Brazil, South Africa and Japan but falling short of the 2006 World Cup in Germany, the Vedemosti business daily reported.