11 / 10 / 2019
Joint EPO-EUIPO study analyses the importance of Intellectual Property for the European economy
On 25 September 2019, the European Patent Office (EPO)
in co-operation with the European Union Intellectual Property Office (EUIPO)
published their study which analyses the importance of Intellectual Property Rights (IPRs) for the EU economy between 2014 and 2016. Their report tracks the contribution of industries making an above-average use of trade marks, designs, patents, copyright, geographical indications and plant variety rights to economic growth and employment in the EU.
The 3rd edition of their study shows that industries that make intensive use of IPRs, such as patents, trademarks, industrial designs and copyright contribute strongly to economic growth and employment in the EU, generating 45% of GDP (EUR 6.6 trillion) annually and accounting for 63 million jobs (29% of all jobs).