Patent applications of residents reached 95.0 in 2016 in Latvia, according to World Bank. This is 30.1 % less than in the previous year.
Historically, patent applications of residents in Latvia reached an all time high of 240 in 2009 and an all time low of 73.0 in 1992. When compared to Latvia's main peers, patent applications of residents in Belarus amounted to 455, 29.0 in Estonia, 95.0 in Lithuania and 26,795 in Russia in 2016.
Latvia has been ranked 71st within the group of 114 countries we follow in terms of patent applications of residents, 6 places behind the position seen 10 years ago.
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 a process that provides a new way of doing something or offers a new technical solution to a problem.
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