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EUIPO and EPO present second edition of study on the economic contribution of IPR-intensive industries

Submitted by veraliah on Thu, 11/10/2016 - 09:55
The European Union Intellectual Property Office (EUIPO, formerly known as OHIM) and the European Patents Office (EPO) have published the second edition of a study on the economic contribution of the IPR-intensive industries in Europe.
In line with the findings of the first edition that had been released in 2013, the study shows that more than 42% of the total economic activity in the EU is generated by IPR-intensive industries and approximately 38% of all employment in the EU. Also, IPR-intensive industries provide wages that are 46% higher than in other industries.
Another interesting finding, outlined in the Executive summary of the study, is that IPR-intensive industries have proved most resilient to the economic crisis: ‘comparing the results of this study with those of the 2013 study reveals that the relative contribution of these industries to the EU economy slightly increased between the two periods 2008-2010 (2013 study) and 2011-2013 (2016 study)’.
IPR-intensive industries also contribute positively to the EU trade balance: ‘the EU as a whole had an overall trade deficit in 2013 of approximately € 42 billion, or 0.3% of GDP. In contrast, it had a trade surplus of € 96 billion with the rest of the world in IPR-intensive industries. This is a marked improvement on the situation three years earlier, as reported in the 2013 study. In 2010, the EU had a trade deficit in IPR-intensive industries of € 126 billion’. Copyright-intensive industries alone contribute to a € 17,165 million surplus in the trade balance.
Find the study here.