Liberia: Patent applications by residents

The latest value from 1993 is 14 patent applications, an increase from 6 patent applications in 1991. In comparison, the world average is 6597 patent applications, based on data from 95 countries. Historically, the average for Liberia from 1991 to 1993 is 10 patent applications. The minimum value, 6 patent applications, was reached in 1991 while the maximum of 14 patent applications was recorded in 1993. 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.