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Intellectual property - counterfeiting costs EUR 60 billion every year

|Comments and Research
24 July 2018

Counterfeiting EuipoCounterfeiting causes a loss of EUR 60 billion each year in 13 economic sectors, according to a new research of the European Union Intellectual Property Office (EUIPO).

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The figures show that the direct annual losses of those sectors correspond to 7.5 % of their sales, as a result of the presence of fake products in the marketplace. The accumulated losses are equivalent to EUR 116 per EU citizen per year. Because legitimate manufacturers produce less than they would have in the absence of counterfeiting, thus employing fewer workers, 434 000 jobs are also directly lost in these sectors.

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