A second EU-wide study was recently published by the European Patent Office (EPO) and the EU Intellectual Property Office (EUIPO). The study concerned the impact of Intellectual Property Rights (IPR) (i.e. patents, trade marks, designs, copyright) on the European economy in terms of GDP, employment, wages and trade.
The study found the following:
- 42% of total economic activity in the EU (some €5.7 trillion annually) is generated by IPR-intensive industries.
- 38% of all employment in the EU (82 million jobs) stems from such industries that have a higher than average use of IP rights.
- Average wages in IPR-intensive industries are more than 46% higher than in other industries.
According to the report, about half of all EU industries are IP-intensive and these account for approximately 90% of the EU’s trade with the rest of the world.