U.S. Granted Patents: Total Patents Originating in Ecuador
PATENT4NECTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Ecuador' trend tracks the total number of patents granted by the U.S. Patent and Trademark Office to inventors from Ecuador. This metric provides insight into Ecuador's contribution to technological innovation and its integration with the global 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 series measures the total number of utility patents, design patents, and plant patents granted annually to inventors whose origin country is listed as Ecuador. It offers a window into Ecuador's participation in the international patent system and its scientific and technological development relative to other nations.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Patent data is closely monitored by policymakers, economists, and industry analysts to assess a country's innovation capacity and competitiveness.
Key Facts
- Ecuador accounts for less than 0.1% of total U.S. patents granted annually.
- Patent grants to Ecuadorian inventors have increased by 50% over the past decade.
- The U.S. is the top destination for Ecuadorian patent filings globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted annually by the U.S. Patent and Trademark Office to inventors whose origin country is listed as Ecuador.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into a country's technological capabilities, innovation potential, and participation in the global economy. Tracking Ecuadorian patent grants in the U.S. is useful for evaluating Ecuador's competitiveness and integration with international markets.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, which tracks the origin country of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts monitor patent data to assess a country's innovation capacity, technological development, and competitiveness. This information informs economic policies and trade negotiations.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the publication of patent data, as applications are processed. The data may not capture all patents originating in Ecuador, as some inventors may list a different country of origin.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Ecuador (PATENT4NECTOTAL), retrieved from FRED.