This indicator quantifies the
financial transactions conducted between residents and nonresidents resulting from the licensed utilization of intellectual property rights. It encompasses various proprietary assets, including patents, trademarks, copyrights, industrial designs, and trade secrets, along with
payments for the use of creative originals such as literary works, software, films, and audio recordings. These receipts reflect the
global flow of economic resources tied to intellectual assets, illustrating the significance of intellectual property in international trade and commerce. The data is presented in current U.S. dollars, highlighting the monetary value generated through legal agreements and the ongoing evolution of the global economy driven by innovation and creativity.
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