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Intellectual Property Drives Economic Growth and Competitiveness
America’s IP is worth $6.6 trillion, more than the nominal GDP of any other country in the world.
IP-intensive industries account for over 1/3– or 38.2%– of total U.S. GDP.
IP accounts for 52% of all U.S. merchandise exports- which amounts to nearly $842 billion.
The direct and indirect economic impacts of innovation are overwhelming, accounting for more than 40% of U.S. economic growth and employment. counterpart in a non-IP industry.