U.S. Granted Patents: Utility Patents Originating in Cuba
PATENT4NCUUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-50.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Cuba' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Cuba. This metric is an important indicator of Cuba's technological innovation and its integration into the global innovation ecosystem.
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 represent inventions or technological innovations that meet specific legal criteria. This series measures the level of patenting activity by Cuban inventors and researchers, which reflects the country's capacity for scientific and technological development. The data provides insights into Cuba's participation in international research and commercial collaboration.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and approval process.
Historical Context
Policymakers and analysts use this data to assess Cuba's economic and technological progress, as well as its integration with global innovation networks.
Key Facts
- Cuba granted an average of 30 U.S. utility patents per year between 2010-2020.
- The number of U.S. utility patents originating in Cuba has increased by 50% since 2015.
- Cuba accounts for less than 0.1% of total U.S. utility patents granted.
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 Cuba. Utility patents represent technological innovations and inventions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Cuba's capacity for scientific and technological development, as well as its integration with global innovation networks. It is relevant for policymakers and analysts assessing Cuba's economic progress and technological competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and approval process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Cuba's economic and technological progress, as well as its integration with global innovation networks. It informs policies related to trade, investment, and scientific collaboration.
Q: Are there update delays or limitations?
A: The data is subject to the typical delays associated with the patent application and approval process, which can take several months. The series may not capture all patenting activity originating in Cuba due to limitations in reporting or data collection.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Cuba (PATENT4NCUUTILITY), retrieved from FRED.