Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
Nigeria Patent applications, nonresidents
What is Nigeria's patent applications, nonresidents? As of 2020, it's 598 USD Mn, up from 150 USD Mn in 2016.
| Label | Patent applications, nonresidents |
|---|---|
| 2016 | 150 USD Mn |
| 2017 | 180 USD Mn |
| 2018 | 509 USD Mn |
| 2019 | 683 USD Mn |
| 2020 | 598 USD Mn |
Data Source: World Bank and Wantstats Repository
Nigeria Patent applications, nonresidents: Key Points
- The 2016-2020 run puts Nigeria's patent applications, nonresidents at 598.00 units by the end, up from 150.00 units at the start — a rise of some 299%.
- 2017: up to 180.00 units (+20%).
- 2018: shoots up to 509.00 units (+183%).
- 2019: leaps to 683.00 units (+34%).
- 2020: down to 598.00 units (-12%).
- 2020: Series wraps up at 598.00 units, a net 298.7% gain across the whole run.
Reading A Mixed Trend
Resist the instinct to draw a straight line through this. The path bends both directions, and the next year could plausibly go either way.
This chart answers 'what happened' for Nigeria, not 'is that good or bad' — that second question needs a comparison point, either other countries or a longer run of history than what's shown here.
Check the source link for methodology before quoting a specific year from this chart — Nigeria's underlying statistics agency, like most, revises and re-estimates historical figures as better data comes in.
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