Systematic record of international commercial transactions related to the transfer of technology, industrial goods, and know-how in the industry, during a specific period. It is calculated with money paid or received for the use of patents, licenses, trademarks, or designs and is strongly linked to technical assistance services and industrial R&D carried out abroad. It allows measuring the international diffusion of non-incorporated technology, accounting for all operations related to exchanges of technical knowledge and services with technological content, between different countries. Data is collected in each country through specific surveys carried out in industries, as well as from information available in exchange control offices and national banks.
« Back to Glossary IndexTechnology balance of payments (BPT)
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