Global Impacts Study
A new study, conducted by Frontier Economics examines the global economic and social impacts of counterfeiting and piracy.
Key findings of the report :
We estimate that, based on 2008 data,
- The total global economic value of counterfeit and pirated products is as much as $650 billion every year.
- International trade accounts for more than half of counterfeiting and piracy (our updated estimate is $285 billion to $360 billion)
- Domestic production and consumption accounts for between $140 billion and $215 billion and,
- Digitally pirated music, movies and software accounts for between $30 billion and $75 billion.
- Counterfeiting and piracy are estimated to cost G20 governments and consumers over $125 billion every year.
- Approximately 2.5 million jobs have been destroyed by counterfeiting and piracy.
Projecting to 2015
- Overall, these estimates imply that the upper bound of the global value of counterfeit and pirated could be $1.77 trillion.
- International trade accounts for more than half of counterfeiting and piracy grows to as much as $960 billion,
- Domestic production and consumption accounts for between $370 billion and $570 billion and,
- Digitally pirated music, movies and software accounts for between $80 billion and $240 billion.
These additional, significant categories of economic and social losses are widely understood to represent a more complete picture of the full impact of counterfeiting and piracy on the economy, society and development.