New U.S. Copyright Industries Report Captures
Impact on U.S. Economy, Jobs and Global Reach
Wednesday, 02 November 2011 | Andi Sporkin
Washington, D.C.; November 2, 2011 — The International Intellectual Property Alliance (IIPA) 2011 “Copyright Industries in the U.S. Economy” study, released this afternoon at a press conference in Washington, reported:
- The core content production and distribution industries, including book and journal publishing, added more than $931 Billion in value to the U.S. economy, nearly 6.4% of the Gross Domestic Product (GDP)
- The industries employed nearly 5.1 Million U.S. workers, roughly 5% of the total private employment section, with jobs paying an average 27% more than the rest of the workforce
- These products and services accounted for $134 Billion in international sale and exports, surpassing such U.S. sectors as aircraft, autos, agriculture and pharmaceuticals
A longer summary of highlights is below. The full report can be found on the IIPA website.
The event was hosted by the Co-Chairs of the Congressional International Anti-Piracy Caucus: Senators Sheldon Whitehouse (D-RI) and Orrin Hatch (R-NV), Representatives Bob Goodlatte (R-VA) and Adam Schiff (D-CA).
The Association of American Publishers (AAP) is one of seven association members of IIPA. The others are the Business Software Alliance (BSA), Entertainment Software Association (ESA), Independent Film and Television Alliance (IFTA), Motion Picture Association of America (MPAA), National Music Publishers’ Association (NMPA) and Recording Industry Association of America (RIAA).
The report was produced by Stephen E. Siwek, Economists Incorporated, for the IIPA; it is the 13th such study done since 1990 and based primarily on federal government statistics.
- Significant contribution to the GDP
In 2010, the value added by the core copyright industries — those that are the primary producers of copyright materials, including publishers — was $931.8 Billion, representing 6.36% of the U.S. economy.
The value added by the total copyright industries — including those dependent on the core industries, such as paper manufacturers — was $1.627 Trillion or 11.10% of the U.S. GDP in 2010.
- Industry growth rates outpace the overall U.S. economy
From 2007-2010 and despite the recent recession, the core copyright industries grew an aggregate annual rate of 1.10%, surpassing the overall growth of the U.S. economy. As comparison, the average annual growth rate of the entire U.S. economy over the same period was 0.05%.
During that period, the total copyright industries revenue increased at an annual rate of 1.47%.
- Industries’ employment figures and wages exceed national averages
In 2010, the core copyright industries employed nearly 5.1 Million U.S. workers; that was 3.93% of the entire U.S. workforce and 4.75% of the total private sector employment in the country.
The $78,128 average annual compensation paid to core industry workers in 2010 was 27% above the $61,404 average compensation received by U.S. workers overall.
Among the larger pool representing the total copyright industries, more than 10.6 Million people were employed in the U.S.; that represented 8.19% of all the nation’s workers and 9.91% of all private sector jobs in the country.
Average annual compensation paid to employees of the total copyright industries, $70,513, also exceeded the U.S. average by 15%.
- Worldwide exports of copyright industries’ products and services increases and outperforms many U.S. industry sectors
Sales of U.S. copyright products and services in international markets were $134.0 Billion in 2010, an increase of nearly 4.0% over 2007.
These sales significantly exceed comparable figures for such industries as aircraft ($77.5 Billion), agricultural products ($60.2 Billion), food ($51.9 Billion) and pharmaceuticals ($36.4 Billion).