Group of 7 countries (G7) Compared by Industry > Patent applications > Residents
DEFINITION:
Patent applications are applications filed with a national patent office for exclusive rights for an invention--a product or process that provides a new way of doing something or offers a new technical solution to a problem. A patent provides protection for the invention to the owner of the patent for a limited period, generally 20 years.
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Interesting observations about Industry > Patent applications > Residents
- Japan has had the highest patent applications > residents since 1985.
- Germany ranked first for patent applications > residents amongst European Union in 2004.
- United States ranked first for patent applications > residents amongst Cold countries in 2004.
- China ranked first for patent applications > residents amongst Emerging markets in 2004.
- Russia ranked second for patent applications > residents amongst Europe in 2004.
- United Kingdom ranked second for patent applications > residents amongst NATO countries in 2004.
- France ranked second for patent applications > residents amongst Eurozone in 2004.
- Canada ranked last for patent applications > residents amongst Group of 7 countries (G7) in 2003.
- South Korea ranked third for patent applications > residents amongst High income OECD countries in 2004.
- All of the top 2 countries by patent applications > residents are Heavily indebted.
