How Much Must Indonesia Pay for the Use of Intellectual Property?

Economics & Macro

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Viva Budy Kusnandar 23/08/2021 10:10 WIB

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Indonesia has to pay tens of trillions of rupiah annually in intellectual property usage fees.

Indonesia Intellectual Property Usage Fees (2017 – Second Quarter 2021)

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How Much Must Indonesia Pay for the Use of Intellectual Property?

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Indonesia Intellectual Property Usage Fees (2017 – Second Quarter 2021)

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The use of technology in various sectors has proven to be very expensive. Indonesia spends tens of trillions of rupiah annually on intellectual property rights.

Bank Indonesia (BI) recorded intellectual property rights payments of US$ 427.53 million, or Rp 6.19 trillion (using an exchange rate of Rp 14,496 per US dollar), in the second quarter of 2021 in the Indonesian Balance of Payments.

Meanwhile, revenue only reached US$ 15.62 million. As a result, Indonesia recorded a deficit in the intellectual property rights balance of US$ 395.5 million.

Last year, Indonesia paid US$ 1.64 billion, or Rp 23.78 trillion, for intellectual property rights, while earning only US$ 83.58 million. This means Indonesia experienced a deficit in the intellectual property rights balance of US$ 1.56 billion.

On average, Indonesia paid US$ 432.69 million for intellectual property rights and experienced an average deficit of US$ 417.07 million per quarter during the period 2010-2020.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."