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Latest EPO and EPO-EUIPO data
21 November 2017
The past few months the EPO and the EUIPO released a number of papers on the economic impact of IP, patents and patent policy...
IPR intensive industries generate EUR 5.7 trillion / year and 82 million jobs in the EU
Harmonising patent protection estimated to lead to EUR 16.3 billion annually in trade and foreign direct investment
97% of all EU citizens believe it is important that inventors, creators and performing artists can protect their rights and be paid for their work
The past few months the EPO and the EUIPO released a number of papers on the economic impact of IP, patents and patent policy. The bullets below summarise the key findings.
Intellectual property rights intensive industries and economic performance in the European Union, EPO-EUIPO joint study, second edition October 2016
Contribution of EU GDP
- IPR-intensive industries generated 27.8% of all jobs in the EU during the period 2011-2013. On average over this period, 60 million Europeans were employed by IPR-intensive industries. In addition, another 22 million jobs were generated in industries that supply goods and services to the IPR intensive industries. Taking indirect jobs into account, the total number of IPR dependent jobs rises to 82.2 million (38.1%).
- Over the same period, IPR-intensive industries generated more than 42% of total economic activity (GDP) in the EU, worth € 5.7 trillion. They also accounted for most of the EU’s trade with the rest of the world and generated a trade surplus, thus helping to keep the EU’s external trade in balance.
- IPR-intensive industries pay significantly higher wages than other industries, with a wage premium of 46% over other industries. This is consistent with the fact that the value added per worker is higher in IPR-intensive industries than elsewhere in the economy.
- 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).
- The detailed analysis of the economic weight of industries engaged in the development of climate change mitigation technologies (CCMTs) shows that they account for 1.2% of employment and 2.1% of economic output in the EU. They generated a substantial trade surplus for the EU and, despite a small drop in employment, were able to increase their GDP contribution between the two periods 2008-2010 and 2011-2013.
‘Patents, trade, & foreign direct investment in the EU,’ EPO, November 2017
- Further harmonisation of patent protection in the EU would boost European trade and foreign direct investment (FDI) in high-IP industries.
- At EU level, high-IP trade and FDI flows to or between EU countries are expected to increase by 2% and 15% respectively, resulting in annual gains of EUR 14.6 billion in trade and EUR 1.8 billion in FDI.
- This corresponds to an increase of 5% and 29% respectively in high-IP trade and FDI flows into or between the 15 EU countries which will be most impacted by this development.
Gains from patent harmonisation
European citizens and intellectual property: perception, awareness, and behaviour, EUIPO, October 2017
- General perceptions: 97% of respondents believe it is important that inventors, creators and performing artists can protect their rights and be paid for their work. 70% believe nothing can justify the purchase of counterfeit goods. 78% believe that buying counterfeits ruins businesses and jobs.
- Individual perceptions: 7% have bought counterfeit goods in the last 12 months. This figure rises to 15% among 15-24 year olds. 10% accessed content from illegal sources intentionally. This figure rises to 27% among 15-24 year olds. 27% have paid for content from legal services in the past 12 months. This figure rises to 41% among 15-24 year olds