Number, Annual, Not Seasonally Adjusted
This dataset tracks number, annual, not seasonally adjusted over time.
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1995 - 1/1/2020
Summary
The 'Number, Annual, Not Seasonally Adjusted' trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office each year. This metric is a key indicator of innovation and technological progress within the U.S. 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 new and useful inventions, processes, machines, or compositions of matter. The annual patent count reflects the rate of innovation across diverse industries, from technology to manufacturing. Economists and policymakers analyze this trend to gauge the country's competitive edge and potential for future economic growth.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the number of utility patents granted each calendar year.
Historical Context
Patent activity is closely watched by government agencies, investors, and business leaders as a barometer of American ingenuity and technological leadership.
Key Facts
- Utility patents account for over 90% of all patents granted in the U.S.
- Patent grants have increased from around 78,000 in 1980 to over 300,000 today.
- The top patenting sectors include computer technology, medical devices, and transportation.
FAQs
Q: What does this economic trend measure?
A: The 'Number, Annual, Not Seasonally Adjusted' trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office each year.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of innovation and technological progress within the U.S. economy, providing insights into the country's competitive edge and potential for future 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 number of utility patents granted each calendar year.
Q: How is this trend used in economic policy?
A: Patent activity is closely watched by government agencies, investors, and business leaders as a barometer of American ingenuity and technological leadership, informing economic and innovation policies.
Q: Are there update delays or limitations?
A: The patent data is published annually with a slight delay, as the USPTO processes and grants patents on an ongoing basis throughout the year.
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Citation
U.S. Federal Reserve, Number, Annual, Not Seasonally Adjusted (PATENT4NGEUTILITY), retrieved from FRED.