U.S. Granted Patents: Utility Patents Originating in Ireland

PATENT4NIEUTILITY • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

916.00

Year-over-Year Change

458.54%

Date Range

1/1/1992 - 1/1/2020

Summary

This economic trend tracks the number of utility patents originating in Ireland that are granted by the U.S. Patent and Trademark Office. It provides insight into innovation and technological developments coming from Ireland.

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 or improvements. Monitoring the volume of U.S. utility patents originating in Ireland offers a quantitative measure of Ireland's innovative capacity and contributions to global technological progress.

Methodology

The data is collected by the U.S. Patent and Trademark Office.

Historical Context

This metric is used by economists and policymakers to assess Ireland's competitiveness and integration into global innovation networks.

Key Facts

  • Ireland accounts for over 1% of all U.S. utility patents granted.
  • Patent volume from Ireland has grown 50% over the past decade.
  • Ireland's patent output per capita is among the highest in the EU.

FAQs

Q: What does this economic trend measure?

A: This trend tracks the number of utility patents granted by the U.S. to inventors and companies based in Ireland. Utility patents cover new and useful inventions or improvements.

Q: Why is this trend relevant for users or analysts?

A: This metric provides insight into Ireland's innovative capacity and technological competitiveness on a global scale.

Q: How is this data collected or calculated?

A: The data is collected directly from the U.S. Patent and Trademark Office.

Q: How is this trend used in economic policy?

A: Economists and policymakers use this metric to assess Ireland's R&D investments, STEM talent, and integration into international innovation networks.

Q: Are there update delays or limitations?

A: There is typically a 1-2 year delay in the availability of complete patent data.

Related Trends

Citation

U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Ireland (PATENT4NIEUTILITY), retrieved from FRED.