Economic Growth
Ongoing coverage on Economic Growth.
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EU games industry generated €24bn in 2024, studios reached 6,600 and workforce exceeded 95,000
The European video game industry generated €24 billion in 2024, with over 6,600 studios employing more than 95,000 people, according to a report by the European Games Development Association and Video Games Europe. While the number of studios increased by 5-10%, the growth in the continent's talent base stalled, with some countries experiencing a decrease in employment due to layoffs and consolidations.
New Zealand games sector hits $1bn revenue two years earlier than anticipated
New Zealand's game development industry has surpassed $1 billion in revenue, two years ahead of projections, driven by government initiatives like the Game Development Sector Rebate and Centre of Digital Excellence funding. The sector experienced significant growth in revenue and workforce size, contributing substantially to the country's GDP and presenting an opportunity for economic insulation.
