U.S. Granted Patents: Total Patents Originating in Ireland
PATENT4NIETOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
942.00
Year-over-Year Change
401.06%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the total number of patents originating in Ireland that are granted by the United States Patent and Trademark Office. It provides insight into the innovative output and technological competitiveness of the Irish 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
The U.S. Granted Patents: Total Patents Originating in Ireland trend measures the number of utility patents, design patents, and plant patents issued by the USPTO to Irish inventors and companies. This metric is used by economists and policymakers to analyze Ireland's contribution to global innovation and technological development.
Methodology
The data is collected by the USPTO through the patent application and review process.
Historical Context
This trend is relevant for understanding Ireland's economic competitiveness and integration with global technology markets.
Key Facts
- Ireland ranks among the top 20 countries for USPTO patents granted.
- Patents originating in Ireland have grown by over 50% in the past decade.
- High-tech sectors like pharmaceuticals and software account for the majority of Irish patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the United States Patent and Trademark Office to inventors and companies based in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Ireland's technological competitiveness and innovative capacity, which are key factors in evaluating its economic development and integration with global technology markets.
Q: How is this data collected or calculated?
A: The data is collected directly by the USPTO through the patent application and review process.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to benchmark Ireland's innovation performance, inform trade and investment decisions, and develop policies to support its technology sector.
Q: Are there update delays or limitations?
A: There may be delays of several months between when patents are granted and when the data is published, and the data only includes patents originating in Ireland, not patents held by Irish entities abroad.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Ireland (PATENT4NIETOTAL), retrieved from FRED.