June 18, 2018

Study on the economic impact of counterfeiting in the EU

A new study by the European Union Intellectual Property Office (EUIPO) concludes that counterfeiting in 13 economic sectors represents an annual loss of EUR 60 billion for the EU, which corresponds to 7.5% of its global sales. These losses amount to EUR 116 per citizen per year.

Due to counterfeits, legitimate manufacturers produce less and, consequently, employ fewer workers. This results in an additional direct loss of 434,000 jobs in these sectors.

In Spain, the report estimates that, due to counterfeiting, these 13 sectors lose 9.3% of annual direct sales. This percentage is equivalent to approximately EUR 6,2 billion, or EUR 133 per inhabitant per year.

The sectors on which the study is based are: cosmetics and articles for personal care; clothing, footwear and accessories; sports articles; toys and games; jewelry and watchmaking; handbags and luggage; record industry; spirits and wines; pharmaceutical products; pesticides; smart phones; batteries and tires.