U.S. Granted Patents: Total Patents Originating in the Faroe Islands
PATENT4NFOTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1993 - 1/1/2019
Summary
The 'U.S. Granted Patents: Total Patents Originating in the Faroe Islands' metric tracks the total number of patents granted by the U.S. Patent and Trademark Office that originate from the Faroe Islands. This data provides insights into the innovative capacity and intellectual property development of the Faroese 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 represents the total count of U.S. patents granted to inventors or entities based in the Faroe Islands. It serves as an indicator of the technological and scientific advancement in the Faroese economy, which can inform assessments of its global competitiveness and R&D investment levels.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
Policymakers and economists analyze this metric to gauge the Faroe Islands' participation in the global innovation ecosystem and to inform decisions around trade, investment, and economic development policies.
Key Facts
- The Faroe Islands are a self-governing territory of Denmark.
- The U.S. is a major destination for Faroese patent filings.
- Patent counts can indicate a country's technological competitiveness.
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 originate from the Faroe Islands, providing insights into the innovative capacity of the Faroese economy.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for policymakers, economists, and business analysts to assess the Faroe Islands' participation in the global innovation ecosystem and inform decisions around trade, investment, and economic development policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the Faroe Islands' technological competitiveness and R&D investment levels, which can inform decisions around trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data due to the time required for application processing and granting by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in the Faroe Islands (PATENT4NFOTOTAL), retrieved from FRED.