Luxembourg LU: Trade Balance: USD: All Services: Charges For The Use Of Intellectual Property N.I.E

Luxembourg LU: Trade Balance: USD: All Services: Charges For The Use Of Intellectual Property N.I.E data was reported at -4.646 USD bn in 2023. This records a decrease from the previous number of -4.330 USD bn for 2022. Luxembourg LU: Trade Balance: USD: All Services: Charges For The Use Of Intellectual Property N.I.E data is updated yearly, averaging -2.007 USD bn from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 27.800 USD mn in 2010 and a record low of -6.732 USD bn in 2020. Luxembourg LU: Trade Balance: USD: All Services: Charges For The Use Of Intellectual Property N.I.E data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.TISP: Trade in Services: Trade Balance: USD: by Services: OECD Member: Annual. The present section covers intellectual property products that are not included elsewhere in EBOPS 2010. Charges for the use of intellectual property n.i.e. include: Charges for the use of proprietary rights, such as patents, trademarks, copyrights, industrial processes and designs, trade secrets, and franchises, where rights arise from research and development, as well as from marketing, Charges for licences to reproduce and/or distribute intellectual property embodied in produced originals or prototypes, such as copyrights on books and manuscripts, computer software, cinematographic works and sound recordings, and related rights, such as for the recording of live performances and for television, cable or satellite broadcast. The production of books, recordings, films, software, disks, etc., is a two-stage process, of which the first stage is the production of the original and the second stage, the production and use of copies of the original. The output of the first stage is the original itself over which legal or de facto ownership can be established by copyright, patent or secrecy. The owner of the asset may use it directly to produce copies that give the purchaser the right to use. Alternatively, the owner may license other producers to reproduce and distribute the content. The payments made by the licensee may be described in various ways, including as fees, commissions or royalties. In contrast with temporary rights to use, which are included in this category, outright sales of patents, copyrights relating to the results of research and development and industrial processes and designs are included under research and development services. Along the same lines, temporary rights related to computer software and audio-visual originals are treated differently from outright sales.

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What was Luxembourg's Luxembourg LU: Trade Balance: USD: All Services: Charges For The Use Of Intellectual Property N.I.E in 2023?

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