U.S. Granted Patents: Utility Patents Originating in Ethiopia
PATENT4NETUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2007 - 1/1/2014
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Ethiopia' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office to inventors from Ethiopia. This provides insight into the innovation and technological capacity of the Ethiopian 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
Utility patents are granted for the invention of a new and useful process, machine, manufacture, or composition of matter. Monitoring trends in utility patents originating from Ethiopia helps economists and policymakers assess the country's technological development and innovative potential.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the inventor's country of residence.
Historical Context
Utility patent data is used by analysts to gauge a country's competitiveness and future economic growth prospects.
Key Facts
- Utility patents account for over 90% of all U.S. patents granted.
- The U.S. is the top destination for patent filings globally.
- Patent data is an important leading indicator of technological progress.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. to inventors from Ethiopia. Utility patents cover new and useful inventions, processes, or technologies.
Q: Why is this trend relevant for users or analysts?
A: Monitoring trends in utility patents originating from Ethiopia provides insights into the country's technological development and innovative capacity, which are key drivers of long-term economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the country of residence of the patent inventor.
Q: How is this trend used in economic policy?
A: Policymakers and economists use utility patent data to assess a country's competitiveness, innovation, and future growth potential, which informs decisions on economic development strategies.
Q: Are there update delays or limitations?
A: There can be a lag of several months between when a patent is granted and when it is reflected in the published statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Ethiopia (PATENT4NETUTILITY), retrieved from FRED.