Definition: Royalties

Category: SNA 1993

"Royalties" is the term often used to describe either the regular payments made by the lessees of subsoil assets to the owners of the assets (these payments are treated as rents in the SNA) or the payments made by units using processes or producing products covered by patents (these are treated as purchases of services produced by the owners of the patents in the SNA). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf