U.S. Granted Patents: Total Patents Originating in Denmark
PATENT4NDKTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,374.00
Year-over-Year Change
142.76%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Denmark' metric tracks the total number of patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Denmark. This provides insight into the innovation output and global competitiveness of the Danish 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
This economic indicator measures the total patents originating from Denmark that were granted by the U.S. patent office. It serves as a proxy for the innovative capacity and technological competitiveness of the Danish economy relative to other countries.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the reported country of origin for each patent application.
Historical Context
Policymakers and economists use this metric to assess Denmark's global innovation standing and the effectiveness of its research and development policies.
Key Facts
- Denmark ranks among the top 10 countries for U.S. patent grants.
- The number of Danish patents granted in the U.S. has grown steadily over the past decade.
- Biotechnology and machinery are key patent-producing sectors for Denmark.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Denmark.
Q: Why is this trend relevant for users or analysts?
A: It serves as a proxy for the innovative capacity and global technological competitiveness of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the reported country of origin for each patent application.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Denmark's innovation standing and the effectiveness of its research and development policies.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required to process and publish patent application data.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Denmark (PATENT4NDKTOTAL), retrieved from FRED.