U.S. Granted Patents: Total Patents Originating in the Democratic Republic of the Congo
PATENT4NCDTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/1997
Summary
The 'U.S. Granted Patents: Total Patents Originating in the Democratic Republic of the Congo' metric tracks the total number of U.S. patents granted to inventors based in the Democratic Republic of the Congo. This provides insight into the country's technological innovation and participation in the global patent system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total count of U.S. utility patents, design patents, and plant patents that were awarded to applicants with a residence in the Democratic Republic of the Congo. It serves as an indicator of the country's inventive activity and its integration into international technological development.
Methodology
The data is collected and reported by the United States Patent and Trademark Office (USPTO).
Historical Context
Patent counts are often used by economists and policymakers to assess a country's scientific and technological capabilities.
Key Facts
- The U.S. granted 4 patents to DRC inventors in 2020.
- DRC's patent counts have remained low compared to other developing countries.
- Patenting activity can signal a country's capacity for technological advancement.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of U.S. patents granted to inventors residing in the Democratic Republic of the Congo. It serves as an indicator of the country's technological innovation and participation in the global patent system.
Q: Why is this trend relevant for users or analysts?
A: Patent counts are commonly used by economists and policymakers to assess a country's scientific and technological capabilities, which are key drivers of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the United States Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Patent statistics are used by governments, international organizations, and analysts to benchmark a country's innovation performance and inform policies aimed at promoting technological advancement and competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in reporting patent data, as the USPTO must process and publish information on granted patents. Additionally, the data only reflects patents originating in the Democratic Republic of the Congo, which may not fully capture the country's overall inventive activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in the Democratic Republic of the Congo (PATENT4NCDTOTAL), retrieved from FRED.