The European Patent Office (EPO) and the EU Intellectual Property Office (EUIPO) have published their second joint EU-wide study of the impact of Intellectual Property Rights (IPR) on the European economy in terms of GDP, employment, wages and trade.
The study finds that more than 42% of total economic activity in the EU (some EUR 5.7 trillion annually) is generated by IPR-intensive industries, and approximately 38% of all employment in the EU (82 million jobs) stems from businesses that have a higher than average use of IP rights.
These industries also appear to have shown more resilience in the face of the economic crisis: A comparison of the results of this study (which covers the period 2011-2013) with those of the previous edition published in September 2013 (covering 2008-2010) reveals that the contribution of these industries to the EU economy has increased slightly.
This study covers a broad range of IP rights – patents, trademarks, designs, copyright, geographical indications (GIs) and plant variety rights. It also identifies industries that use them more intensively than others and quantifies the contribution of these businesses to key economic indicators at EU level, in particular gross domestic product (GDP), employment, wages and external trade. It further reports that IP-intensive industries such as engineering, motor vehicles and life sciences, account for approximately 90% of the EU's trade with the rest of the world.