“The economy of the Creator has just started,” says CEO Neal Mohan: “The Creator’s economy has just started,” YouTube contributed $ 55 billion in the gross domestic product of the United States: “The Creator’s economy has just started.”

Tuesday, YouTubeA subsidiary company Alphabet Inc.’s Goog Googl GoogleIt revealed that its creative ecosystem contributed greatly to the US GDP in 2024, citing a new report.

What happened: YouTube’s creative ecological system achieved $ 55 billion in the US economy in 2024. This number represents an increase of 20 billion dollars over 2022, when the ecological system contributed $ 35 billion.

YouTube CEO Neil Mohan He said: “Given this momentum until the next two decades, the economy of the Creators has just started. We are excited to find out what we have the next twenty years in the store.”

See also: Sundar Pichai reveals Google-Parent once, I discussed it extensively about the purchase of Netflix: “In a world of butterfly traces …”

The report, which was made in partnership with Oxford EconomicsIt also highlights the creation of 490,000 full -time jobs within the YouTube environmental system, an increase of 390,000 reported functions in 2022.

Why is this important: The Creator’s economy, which is expanding quickly after being overlooked, was pushing for more support from American institutions such as banks and government agencies, I mentioned Techcrunch.

Despite clear financial stability, many creators face challenges in accessing commercial credit cards or securing certain types of loans.

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These concerns have gained enough strength to take action. Just last week, a delegate. Clark (D-Ny) and the delegate. House of Van Dwin (R-TX) launched partisan Congress Creators gathering It aims to recognize the interests of the Creator and progress community.

Price work: Alphabet Inc. shares rose. 1.43 % on Tuesday, while Class C shares increased by 1.34 %, according to Benzinga Pro Data.

Benzinga’s Edge Show the alphabet that maintains strong price momentum over short, medium and long -term periods. Additional performance measures can be found here.

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