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HomeEmployment5% of jobs in the EU rely on the intelectual property industry
According to a study

5% of jobs in the EU rely on the intelectual property industry

This study, "Intellectual Property Rights intensive industries: contribution to economic performance and employment in Europe", measures the importance of Intellectual Property rights in the EU economy. Key findings of the study are that about 39% of total economic activity in the EU (worth some €4.7 trillion annually) is generated by IPR-intensive industries, and approximately 26% of all employment in the EU (56 million jobs) is provided directly by these industries.

The study focuses on the EU economy and considers Intelectual Propety Industry (IPR)-intensive industries as either those that register more Intellectual Property Rights per employee than other industries, or those where the use of IPR is an intrinsic characteristic of the industry’s activity. These industries are selected at EU-level, i.e. using EU-wide measures of IPR intensity.

The study also finds that:

  • Average remuneration in IPR-intensive industries is more than 40% higher than in other industries;
  • Examples of IPR-intensive industries include: the manufacture of power-driven hand tools (patents) the manufacture of basic pharmaceutical products (trademarks); the manufacture of watches and clocks (designs); book publishing (copyright); and operation of dairies and cheese making (geographical indications).
  • Hundreds of industries, as diverse as services activities related to financial services and insurance, advertising agencies, ice cream manufacture, wallpaper manufacture, wine production, electric lighting and domestic appliances, satellite telecommunications, and extraction of oil and gas are also all IPR-intensive, and many make simultaneous use of more than one IP right.

This study comes on foot of a broadly similar exercise carried out in 2012 by the US Patent and Trademark Office together with the Economics and Statistics Administration, which reached comparable findings for the US economy as the OHIM/EPO study has done for the EU economy.

Of interest