Copyright industries are engines for growth in the US economy - new report shows

The 2014 edition of the Copyright Industries in the U.S. Economy report shows that the core copyright industries of the United States – those industries whose primary purpose is to create, produce, distribute or exhibit copyright materials – provide significant value added to GDP; an increasing number of high-paying jobs; real growth which outpaces the rest of the economy.

According to the 2014 Report, prepared for the International Intellectual Property Alliance (IIPA) by Stephen E. Siwek of Economists Incorporated, the core copyright industries added $1.1 trillion dollars accounting for 6.71% of the U.S. economy in 2013 and employed nearly 5.5 million people. During the period 2009-2013, the core copyright industries grew at an aggregate annual rate of 3.9% compared to 2.25% average annual growth rate of the entire U.S. economy.

This report is just the latest in a long line of similar studies showing how the creative industries fuel economies all around the globe from the EU to the Philippines.