Global Intellectual Property Royalty Payments in Current US Dollars

Charges for the use of intellectual property, including patents, trademarks, copyrights, and software licenses, recorded in the Balance of Payments. This indicator tracks global payments for proprietary rights and licenses, expressed in current US dollars without inflation adjustment. The data is compiled by the World Bank's World Development Indicators team.

Use Cases

• Analyzing trends in global payments for patents and industrial designs over time.
• Comparing royalty outflows for copyrights on software and media between countries.
• Modeling the relationship between a nation's trademark payments and its level of economic development.
• Correlating charges for franchises and trade secrets with foreign direct investment data.

Strengths

• Data originates from the authoritative World Bank World Development Indicators collection.
• Indicator covers a standardized, internationally recognized economic concept (BoP).

Limitations

• Values are in current prices, making direct long-term trend analysis difficult without deflation.
• The specific number of reporting countries and time range covered are not provided in the input.

Provenance

Source

World Bank, World Development Indicators

Collection Method

Compiled from officially reported national Balance of Payments statistics.

Geography

Global coverage for reporting countries.