WIPO_2025年全球无形资产投资趋势报告（英）_19页_820kb

Summary of World Intangible Investment Highlights 2025

Introduction

The World Intangible Investment Highlights (WIIH) 2025 report, co-published by WIPO and Luiss Business School, examines global trends and data on intangible investment. It highlights that intangible investment has grown significantly faster than tangible investment since 2008, driven by factors such as artificial intelligence and knowledge-based assets, providing insights for better policy-making.

Key Findings

• Growth Comparison: Intangible investment grew at a compound annual growth rate (CAGR) of 4.1% from 2008 to 2024, outpacing tangible investment's 1.1% growth, resulting in a 3.7x faster rise. Overall investment was sustained primarily by intangible capital formation, offsetting declines in tangible investment.

• Country Performance:

  • The United States leads globally in absolute intangible investment levels, followed by France, Germany, the UK, and Japan.
  • Sweden has the highest intangible investment intensity (as a share of GDP).
  • India recorded the fastest growth rate (nearly 7% annually) between 2011–2022.
  • Brazil shows moderate growth but faced divergence in 2020, with intangible investment surging.

• Sector Growth: Software and databases are the fastest-growing intangible asset category, expanding at over 7% annually from 2013–2022, with a recent surge to over 9% driven by the AI boom.

• AI Impact: Artificial intelligence drives two waves of investment—tangible infrastructure (e.g., data centers) and intangible assets (e.g., data, IP, organizational capital), supporting productivity gains and economic transformation.

• Asset Composition: Organizational capital constitutes nearly one-third of intangible investment, followed by R&D, software, and brands, with significant country-specific variations.

• Data Limitations: Only about 39% of intangible investment is captured in official statistics, leaving over 60% unmeasured, which hinders comprehensive analysis and policy development.

Conclusion

The report emphasizes the critical role of intangible investment in modern economies but calls for improved measurement and data collection to inform effective policies, especially with AI accelerating this trend.