New study details effects of IP on the U.S. economy

The U.S. Economics and Statistics Administration and the U.S. Patent and Trademark Office have released a report detailing how intellectual property affects industry in the United Sates. The report identifies which industries are the most IP intensive and identifies trends, geographic spreads, IP-related employment, etc. Here are the principal findings:

1. The entire U.S. economy relies on some form of IP; 2. From 313 industries identified, 75 were labeled IP-intensive, accounting for 27.1M jobs in 2010 (almost 19% of all domestic employment); 3. IP-intensive industries accounted for nearly 35% of the U.S. GDP in 2010; 4. Merchandise exports from IP-intensive industries accounted for nearly 61% of total U.S. merchandise exports in 2010.