Patent applications, nonresidents

This indicator captures the number of international patent applications submitted by individuals or entities who are not residents of the country where the application is filed. These applications are typically made through the Patent Cooperation Treaty (PCT) framework or directly with national patent offices, aiming to secure exclusive rights for novel inventions that could be products or processes. The significance of tracking nonresident applications lies in identifying global innovation trends and the international competitiveness of different economies. Such data can offer insights into how foreign inventors engage with domestic markets, revealing the attractiveness of a country’s technological ecosystem and its potential to foster innovation-driven economic growth. Furthermore, this indicator can inform policymakers about the need for supportive patent policies and international cooperation in intellectual property rights. Source: