Economic Contribution of Copyright Industries in Finland 2016–2020

Abstract

<p>The purpose of the present study was to measure the economic contribution of copyright industries to the Finnish economy in 2016, 2017, 2018, 2019 and 2020 using the World Intellectual Property Organization’s (WIPO) revised methodology in this measurement and to compare the Finnish findings to the results of similar studies completed in other countries.<br>The key findings of the study include the following:<br>-The combined value added of copyright industries represented 5.69 percent of the Finnish GDP in 2020 and amounted to €13.54 billion and the combined number of employees in the copyright industries amounted to 146 380 and represented 5.87 percent of the total employment in Finland in 2015.<br>-From the year 2000 to the year 2020 the economic contribution of core copyright industries has shown a moderate growth. The combined value added of core copyright industries represented 4.47 percent of the Finnish GDP in 2020 (3.28 percent in 2000) amounting to €10.6 billion.<br>-Compared to the Finnish GDP growth of 9.4 percent between 2016 and 2020, the value added of core copyright industries in absolute terms grew by 19.4 percent.<br>-In 2020, the largest core copyright industries, software and databases, accounted for approximately 74 percent of the cumulative value added of the core copyright industries in Finland.<br>-From 2016 to 2020, the most prominent growth in core copyright industries took place in the software industry whereas the relative contribution of the press and literature decreased.<br>-The revised WIPO Guide on Surveying the Economic Contribution of the Copyright-Based Industries has enabled a very useful increase in the comparability of studies madein different countries. Finland ranks high when it comes to the contribution of the core copyright industries but lower in terms of overall copyright contribution.<br></p>