U.S. Granted Patents: Total Patents Originating in the Czech Republic
PATENT4NCZTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
340.00
Year-over-Year Change
507.14%
Date Range
1/1/1994 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in the Czech Republic' trend tracks the number of patents issued by the United States Patent and Trademark Office that originated from inventors in the Czech Republic.
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 metric provides insight into the innovative output and technological capabilities of the Czech Republic. It is an important indicator for economists and policymakers seeking to understand the global competitiveness of national innovation ecosystems.
Methodology
The data is collected through the official patent registration and issuance process.
Historical Context
The number of U.S. patents originating from a country is often used as a proxy for its scientific and technological prowess.
Key Facts
- The U.S. issued over 333,000 patents in 2021.
- In 2021, the Czech Republic accounted for 0.4% of U.S. patents granted.
- U.S. patent grants to Czech inventors have grown by 50% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of U.S. patents that originated from inventors residing in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The number of U.S. patents granted to a country's inventors is an important indicator of its innovative capacity and technological advancement.
Q: How is this data collected or calculated?
A: The data is collected through the official patent registration and issuance process by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to benchmark a country's innovation ecosystem and inform policies aimed at promoting scientific research and technological development.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the patent issue date and when the data is published in FRED.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in the Czech Republic (PATENT4NCZTOTAL), retrieved from FRED.