Non-religious countries Compared by Economy > Royalty and license fees > Payments > BoP > Current US$ > Per $ GDP
DEFINITION:
Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars. Per $ GDP figures expressed per 1 million $ gross domestic product.
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