Innovation

Dynamic economy that shares prosperity

Metric

Number of patent and trade mark applications in Australia (made by both domestic and overseas applicants)

Why this matters

If the Australian economy is to keep on delivering the improved living standards and prosperity needed, innovation is key.

Innovation is a complex concept to measure. One way to track progress is the rate at which inventive activity occurs, represented through the number of filings for patents and trade marks.

This measure captures a fairly limited aspect of Australia’s innovation but provides useful insights on the innovation and introduction of new products and services that can improve the lives of Australians.

Progress

Patents

In 2023, the number of patent applications was 2.4% lower than in 2022. This was comprised of:

  • an increase of 2.4% in the number of applications by Australian residents, to 2,556
  • a decrease of 2.8% in the number of applications by from non-residents, to 28,959.

Compared to 20 years prior (2003), the number of patent applications in 2023 was:

  • 3% higher for patents by Australian residents
  • 51% higher for patents by non-residents.

Trade marks

In 2023, the number of trade mark applications was 7.2% higher than in 2022. This was comprised of:

  • an increase of 9.8% in the number of applications by Australian residents, to 49,036
  • an increase of 3.7% in the number of applications by non-residents, to 35,440.

Compared to 20 years prior (2003), the number of trademark applications was:

  • 59% higher for trade marks by Australian residents
  • 155% higher for trade marks by non-residents.
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