U.S. Granted Patents: Total Patents Originating in Cyprus
PATENT4NCYTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
1300.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Cyprus' trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Cyprus. This metric is a key indicator of Cypriot innovation and technological development.
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 economic indicator tracks the volume of successful patent applications from Cypriot inventors and entities. It provides insight into the rate of technological innovation and knowledge production within the Cypriot economy. Policymakers and economists analyze this data to assess Cyprus' competitiveness and investment in research and development.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
This trend is used to benchmark Cyprus' innovation performance relative to other countries and to inform economic and technology policy decisions.
Key Facts
- Cyprus accounted for 0.1% of total U.S. patents granted in 2021.
- The number of U.S. patents originating in Cyprus has grown by 50% over the past decade.
- Cypriot patent activity is concentrated in the fields of computer technology and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Cyprus.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the rate of technological innovation and knowledge production within the Cypriot economy, which is useful for policymakers and economists assessing Cyprus' competitiveness and investment in research and development.
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 granting process.
Q: How is this trend used in economic policy?
A: This trend is used to benchmark Cyprus' innovation performance relative to other countries and to inform economic and technology policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical processing and reporting timelines of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Cyprus (PATENT4NCYTOTAL), retrieved from FRED.