Faroe Islands - Royalty and license fees
Charges for the use of intellectual property, payments (BoP, current US$)
The latest value for Charges for the use of intellectual property, payments (BoP, current US$) in Faroe Islands was $9,076,742 as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $9,562,965 in 2008 and $2,640,000 in 2000.
Definition: Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1998 | $2,800,000 |
| 1999 | $2,870,000 |
| 2000 | $2,640,000 |
| 2001 | $3,090,000 |
| 2002 | $2,990,000 |
| 2003 | $3,150,000 |
| 2004 | $4,244,160 |
| 2005 | $3,073,553 |
| 2006 | $3,695,374 |
| 2007 | $8,655,538 |
| 2008 | $9,562,965 |
| 2009 | $8,969,394 |
| 2010 | $7,676,053 |
| 2011 | $9,076,742 |
Charges for the use of intellectual property, receipts (BoP, current US$)
The latest value for Charges for the use of intellectual property, receipts (BoP, current US$) in Faroe Islands was $1,183,181 as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $1,410,483 in 2009 and $10,000 in 1998.
Definition: Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1998 | $10,000 |
| 1999 | $10,000 |
| 2000 | $10,000 |
| 2001 | $20,000 |
| 2002 | $10,000 |
| 2003 | $20,000 |
| 2004 | $20,318 |
| 2005 | $240,461 |
| 2006 | $343,460 |
| 2007 | $956,122 |
| 2008 | $120,436 |
| 2009 | $1,410,483 |
| 2010 | $1,154,872 |
| 2011 | $1,183,181 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
