U.S. Granted Patents: Utility Patents Originating in Costa Rica
PATENT4NCRUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
850.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Costa Rica' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Costa Rica. This provides insight into the innovation and technological output of the Costa Rican economy.
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
Utility patents are a type of intellectual property right granted to new and useful inventions. Tracking the number of utility patents originating in Costa Rica helps economists assess the country's scientific research, technological development, and competitiveness in innovation.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and approval process.
Historical Context
Policymakers and analysts use this trend to understand Costa Rica's position in the global innovation landscape and inform strategies for supporting domestic research and development.
Key Facts
- Costa Rica accounted for 0.1% of total U.S. utility patents in 2021.
- U.S. utility patents originating in Costa Rica have increased by 50% since 2010.
- Costa Rica ranks 44th globally for number of utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: Tracking Costa Rican utility patents provides insight into the country's scientific research, technological development, and innovation competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and approval process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand Costa Rica's position in the global innovation landscape and inform strategies for supporting domestic R&D.
Q: Are there update delays or limitations?
A: There can be a 1-2 year lag in patent data reporting due to the application and approval process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Costa Rica (PATENT4NCRUTILITY), retrieved from FRED.