Bahamas: Patent applications by residents

The latest value from 2017 is 4 patent applications, an increase from 3 patent applications in 2016. In comparison, the world average is 18092 patent applications, based on data from 120 countries. Historically, the average for the Bahamas from 1981 to 2017 is 2 patent applications. The minimum value, 1 patent applications, was reached in 1986 while the maximum of 4 patent applications was recorded in 1988. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Patent applications are worldwide patent applications filed through the Patent Cooperation Treaty procedure or 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.