The work presents the review of the theoretical and methodological aspects of creative economy formation and development, in all the variations and peculiarities of its functioning. It is highlighted that the level of technological development has its significant impact on how soon a particular economy is able to transfer to the phase of its creative development. Different criteria are reviewed in this regard, using which it would be possible to determine the presence of creative phenomena in economy along with their impact on the state and dynamics of socioeconomic relations. The authors’ analysis covers the reasons that are leading to formation and development of creative economy, its development factors are defined. Results of the authors’ sociological survey concerning creativity are also presented. Pre-requisites of its further development in Russia are defined.
