|Title:||Copyright Industries in the U.S. Economy: The 2003 – 2007 Report|
|Author(s):||Siwek, S. E.|
|Citation:||Siwek, S. E. (2009). Copyright Industries in the U.S. Economy: 2003-2007 Report. Economists Incorporated.|
|Link(s):||Definitive , Open Access|
|Key Related Studies:|
|About the Data|
|Data Description:||The data in this study quantify the size and critical importance of the copyright industries to the U.S. economy, using the most current data available. As in past studies, the U.S. copyright industries’ contribution to the U.S. economy is measured by three economic indicators: value-added to the U.S. current dollar gross domestic product (“GDP”); share of national employment; and revenues generated from foreign sales and exports. In addition, this study includes two additional indicators of the importance of the copyright industries to the U.S. economy: compensation per employee and the contribution of the copyright industries to the real annual growth of the U.S. economy.|
|Data Type:||Secondary data|
|Secondary Data Sources:|
|Data Collection Methods:|
|Data Analysis Methods:|
|Cross Country Study?:||No|
|Government or policy study?:||No|
|Time Period(s) of Collection:||
This report, Copyright Industries in the U.S. Economy: The 2003-2007 Report, completed by Economists Incorporated, updates and supplements eleven earlier reports prepared for the International Intellectual Property Alliance (“IIPA”). This twelfth report presents estimates of the copyright industries’ contribution to the U.S. economy for the years 2003-2007, which reflects the most recent full-year data (2007) available at the time of the publication. This report demonstrates the continuing positive impact these industries have on the U.S. economy.
This study continues to reflect the use of industry data classifications adopted under the North American Industry Classification System (“NAICS”) which has now been widely implemented by U.S. statistical agencies. This report also continues to follow the international standards and recommendations propounded by the World Intellectual Property Organization (“WIPO”) in 2003 regarding the development of economic and statistical standards to measure the impact of domestic copyright industries on domestic economies.
Main Results of the Study
- From 2003 to 2007:
- The GDP rose from $11.0T to $13.8T, with the value-added from copyright industries amounting to $889.1B in 2003 and rising to $1.52T by 2007.
- The core copyright industries achieved annual growth rates in excess of 5.8% per year. These growth rates were considerably above the real annual growth rates achieved by the U.S. economy as a whole.
- In 2003, the total copyright industries employed 11,205,700 people, and these workers comprised 8.62% of total U.S. employment. By 2007, total copyright industry employment rose by 504,900 to 11,710,600 workers. In 2007, workers in the total copyright industries comprised 8.51% of all U.S. employees, down slightly from 8.62% in 2003.
- The average annual compensation paid to a core copyright industry employee in 2003 was $63,496. In 2007, the average compensation paid to a core copyright worker rose to $73,554 or 15.8%.
- The revised and updated estimates of foreign sales and exports of selected core copyright industries portray continued growth on the whole with a somewhat mixed picture among the individual industries studied.
Policy Implications as Stated By Author
These consistently positive trends solidify the status of the copyright industries as a key engine of growth for the U.S. economy as a whole. As new technologies continue to support the development of new distribution methods for legitimate copyrighted products, the U.S. copyright-based industries represented in the IIPA remain optimistic that economic growth, combined with strong laws and effective enforcement, will continue to pave the way for economic growth in both the U.S. and global markets.
Coverage of Study
|Level of aggregation:||Economic indicators|
|Period of material under study:||2003-2007|