Trinidad and Tobago: Patent applications, nonresidents

Key figures

What the numbers say

In 2024, Trinidad and Tobago's patent applications, nonresidents fell 31.6% on 2023 (from 133 to 91).

Across the 27 yearly changes before that (1993 to 2023), the average change was +7.1% and a typical year strayed about 25.3% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 74.6% in 1996 and the biggest yearly fall was 31.6% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 30% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Trinidad and Tobago had the 73rd highest value of the 118 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Trinidad and Tobago in the 2024 ranking

• Hungary — 70th of 118: 113
• Mongolia — 71st of 118: 97
• Georgia — 72nd of 118: 95
• Poland — 74th of 118: 90
• Iraq — 75th of 118: 82
• Ireland — 76th of 118: 64

What this measures

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.

Limitations: Data are based on information supplied to World Intellectual Property Organization (WIPO) by IP offices in annual surveys, supplemented by data in national IP office reports. Data may be missing for some offices or periods.

Regional and income-group figures are computed by the World Bank as a sum.

All 32 values

Patent applications, nonresidents in nearby economies

• Antigua and Barbuda — 4 (2024)
• Argentina — 3,146 (2024)
• Bahamas, The — 48 (2017)
• Barbados — 12 (2024)
• Belize — 23 (2024)
• Bolivia — 216 (2022)
• Brazil — 19,845 (2024)
• Chile — 2,829 (2024)
• Colombia — 1,661 (2024)
• Costa Rica — 438 (2024)
• Cuba — 30 (2024)

More infrastructure data for Trinidad and Tobago

• Fixed telephone subscriptions — 297,734 (2024)
• Fixed telephone subscriptions (per 100 people) — 19.75 (2024)
• Air transport, registered carrier departures worldwide — 27,936 (2023)
• Air transport, freight (million ton-km) — 45.84 (2023)
• Air transport, passengers carried — 2.03 million (2023)
• Mobile cellular subscriptions — 1.79 million (2024)
• Mobile cellular subscriptions (per 100 people) — 118.79 (2024)
• Medium and high-tech exports (% manufactured exports) — 50.23% (2024)
• Individuals using the Internet (% of population)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Trinidad and Tobago's patent applications, nonresidents?

91 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is down 26.02% from 123 in 1980 (0.68% a year on average, compounded). The highest value was 317 in 2007 and the lowest 54 in 1992.

How does Trinidad and Tobago rank?

73rd highest of 118 economies with data for 2024.

Is the latest change in patent applications, nonresidents unusual for Trinidad and Tobago?

In 2024, Trinidad and Tobago's patent applications, nonresidents fell 31.6% on 2023 (from 133 to 91). Across the 27 yearly changes before that (1993 to 2023), the average change was +7.1% and a typical year strayed about 25.3% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator IP.PAT.NRES, licensed CC BY 4.0. Original source: WIPO Patent Report: Statistics on Worldwide Patent Activity, World Intellectual Property Organization (WIPO), note: The International Bureau of WIPO assumes no responsibility with respect to the transformation of these data. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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