EUIPO-EPO Joint Report Finds IP-Driven Industries Contribute Nearly Half of EU GDP, One-Third of Total Jobs

"On Thursday, the European Union Intellectual Property Office (EUIPO) and the European Patent Office (EPO) issued a joint report on IP and innovation in various industrial sectors of the European economy. Identifying IP-driven industries by analyzing registrations for IP rights within the EU, the agencies conclude that such industries contribute nearly half of the entire European gross domestic product (GDP) while also providing a third of the EU's jobs, which offer workers larger wages on average when compared to total EU employment."

"In a study of 361 IP-driven industries and their economic impacts on the EU between 2021 and 2023, the EUIPO and EPO found that sectors in which companies enjoy above-average ownership of IP rights per employee contributed €7.7 trillion to the EU's GDP over the two-year study period. Among different forms of IP rights, trademark-intensive industries contributed 39.1%, the largest share of the total value tracked during the study, followed by patent-intensive industries (18.4%) and design-intensive industries (16.1%)."

"The top industrial sector for the core IP rights of patents, trademarks and designs were IP leasing entities, which also led the way in registrations per employee for plant variety rights. Trademark-intensive industries also saw IP registrations driven by transport equipment manufacturers, fermented beverage distillers and trusts and other funds, while patent-intensive industries were led by power-driven hand tool manufacturers, communication equipment manufacturers and electric domestic appliance manufacturers. Design-intensive industries also saw"

Between 2021 and 2023, 361 IP-driven industries contributed €7.7 trillion to EU GDP. IP-driven sectors account for nearly half of European GDP and provide one-third of EU employment. Workers in these industries enjoy an average wage premium of 40.9%, reflecting higher value added per worker. Trademark-intensive industries represented the largest share of IP-related value (39.1%), followed by patent-intensive (18.4%) and design-intensive (16.1%) industries. IP leasing entities led in core IP rights and plant variety registrations. Trademark registrations were strong in transport equipment, fermented beverage distillers and trusts, while patent leaders included tool, communication and appliance manufacturers.

Read at IPWatchdog.com | Patents & Intellectual Property Law