EUR 83 billion and 790 000 jobs lost every year across the EU due to counterfeiting and piracy

EUR 83 billion and 790 000 jobs lost every year across the EU due to counterfeiting and piracy

Every year, 83 billion euros and 790,000 jobs are lost in the European Union because of counterfeiting and piracy. This is what emerges from a series of studies by the Office of the European Union for Intellectual Property (EUIPO).

The data for our country show an approximate revenue loss of 1.9 billion euros and an estimated loss of 8,800 units.

"This study quantifies the negative effects of counterfeiting in the sectors concerned. In addition, consumers who buy counterfeit products are at risk. For example, in the case of counterfeit medicines or cosmetics, it is not always clear what they contain; some products can cause allergic reactions or even more serious. The message remains: avoid counterfeiting".

Every year, 83 billion euros and 790,000 jobs are lost in the EU because of counterfeiting and piracy.

  • 7.4% of sales are lost in nine sectors due to counterfeiting.
  • Clothing, cosmetics, toys, sporting goods, medicines and music are among the affected sectors.
  • The revenue shortfall resulting from counterfeiting and piracy is estimated at € 14.3 billion.

A series of studies carried out by the European Union Office for Intellectual Property (EUIPO), through the European Intellectual Property Rights Observatory, estimates that more than 48 billion euros - Or 7.4% of total sales - losses generated annually in nine sectors due to counterfeit products.

Every year an additional EUR 35 billion is lost in the EU due to the indirect effects of counterfeiting and piracy in these sectors. Manufacturers buy fewer products and services from their suppliers, which has negative repercussions in other areas.

The aim of the studies is to provide a more complete picture of the economic costs of counterfeiting and piracy in the EU.

(Source Federal Service of Economy)