Intellectual property contributes approximately 7,000 million euros to GDP and generates more than 81 million jobs.
EconomyEuropean Union
- Error detected
- The GDP contribution is stated as 7,000 million euros (€7 billion) when the actual figure is €7.7 trillion (€7,700,000 million), a discrepancy of three orders of magnitude.
The employment figure is stated as 81 million jobs when IPR-intensive industries actually account for approximately 61 million jobs (30.6% of EU employment).
- Omissions
- The claim omits that the data refers to IPR-intensive industries (sectors with above-average use of patents, trade marks, designs, etc.), not intellectual property as an abstract concept.
- The correct GDP contribution is €7.7 trillion, making the claimed figure understated by a factor of 1,000.
- The correct employment figure is approximately 61 million jobs (30.6% of EU employment), not 81 million.
- The most recent data covers the 2021-2023 period, published in 2024.