Patent applications of residents reached 56.0 in 2018 in Iceland, according to World Bank. This is 55.6 % more than in the previous year.
Historically, patent applications of residents in Iceland reached an all time high of 71.0 in 2002 and an all time low of 8.00 in 1963. When compared to Iceland's main peers, patent applications of residents in Denmark amounted to 1,262, 1,082 in Norway, 1,838 in Sweden and 12,865 in United Kingdom in 2018.
Iceland has been ranked 81st within the group of 112 countries we follow in terms of patent applications of residents, 5 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.