Introducing Graph of the Week, a new series from the C.D. Howe Institute's Graphic Intelligence that presents valuable and easily digestible data. Each Monday we will unveil one new captivating chart or graph with interesting insights, explaining it in two-to-three sentences. Dive into the data with us.
The gap between these two lines reflects the Canadian balance-of-payments deficit for the use of intellectual property (IP).
Canada's payments to non-Canadians for the use of their IP (top line) has declined since 2005, while Canadian IP receipts from other countries (bottom line) have been a rebounding share of a faster-growing global market for the cross-border commercialization of IP.
The decrease in Canada’s payments to non-Canadians for IP may be linked to the sharp decline in Canada's GDP measured in US dollars, relative to world GDP, in the early and mid-2010s – meaning that Canada was a relatively less attractive market to commercialize IP in at the time.
