 Comprising the publishing, print, broadcasting, film, music, digital, and IT media sectors, the media industry collectively employed about 38,000 people and contributed 1.56% to Singapore's gross domestic product (GDP) in 2001 with an annual turnover of S$10 billion.The industry grew at an average rate of 7.7% annually from 1990 to 2000, and the government seeks to increase its GDP contribution to 3% by 2012.The Ministry of Communications and Information is the government's regulatory body that imposes and enforces regulation over locally produced media content.