IP P®OSPE©TIVE

Proof that our economy continues to evolve into a knowledge economy.

In the most recent report in a series of 12 released by the International Intellectual Property Alliance (IIPA), it is confirmed that U.S. Copyright Industries continue to add value to the U.S. Economy and GDP, outperforming many other industries. According to the report:

” . . . in 2007 the gross consumption expenditures and investments of the entire U.S. federal government (a much broader measure than value added) were $979.3 billion. This figure is only 10% greater than the net value added to the U.S. economy by the core copyright industries. That same year, the actual value added to the U.S. economy by the federal government was only $554.0 billion. Similarly, in 2007, the gross consumption expenditures and investments of all state and local governments in the United States were $1.69 trillion ($1,695.5 billion),  an amount that is about 11% higher than the value added by the total copyright industries. Meanwhile, the net value added to the U.S. economy by all state and local governments was only $1.18 trillion ($1,188.9 billion) in 2007.”

To read the rest of the report on the continuing growth of the U.S. Copyright Industries, read Copyright Industries in the U.S. Economy: The 2003-2007 Report, by Stephen E. Siwek of Economists Incorporated, prepared for the International Intellectual Property Alliance (IIPA ), June 2009, available at http://www.iipa.com/pdf/IIPASiwekReport2003-07.pdf.

But see this brief opinion over at IP ThinkTank discounting the method and conclusion.