IPRs: a strong benefit to European economy
A joint report released by the EPO and the EUIPO analyses the importance of IPRs for the EU economy between 2014 and 2016 4 October 2019The European Patent Office (EPO) and the European Union Intellectual Property Office (EUIPO) have recently released a joint report – updating and extending the previous study released in 2016 – providing a broad, improved assessment of how industries that make intensive use of intellectual property rights (IPRs) contribute to EU economies. The study provides comprehensive and robust data, as well as a solid evidence base for policymakers.
How intellectual property rights strongly benefit the European economy |
|
The industries that make intensive use of intellectual property rights (IPRs) such as patents, trademarks, industrial designs and copyright generate 45% of GDP (EUR 6.6 trillion) in the EU annually and account for 63 million jobs (29% of all jobs). A further 21 million people are employed in sectors that supply these industries with goods and services.
IPR-intensive industries also account for most of the EU's trade in goods and services with the other regions of the world (81%). The EU as a whole had an overall trade surplus in IPR-intensive industries of approximately EUR 182 billion in 2016, counterbalancing a small deficit in non-IPR intensive trade.
The full study and summaries are available here below for further information.
Full study (158 pages) Executive summary (18 pages) Summary of key findings (4 pages) |