Global Innovation Policy Center

May 28, 2013

IP industries boost economy to 3% bigger than previously thought

In May 2013, the Bureau of Economic Analysis announced a revision of decades of official GDP figures to account for investment stemming from the creative, IP-intensive sectors. The result will show that the economy is 3% — or $400 billion– bigger than previously thought. Source: Bureau of Economic Analysis, Preview of the 2013 Comprehensive Revision of the National Income and Product Accounts, May 2013