U.S. Granted Patents: Utility Patents Originating in Japan
PATENT4NJPUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,619.00
Year-over-Year Change
53.25%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Japan' trend tracks the annual number of utility patents granted by the U.S. Patent and Trademark Office to inventors and companies based in Japan. This metric is a key indicator of technological innovation and R&D investment between the U.S. and Japan.
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 a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. This series specifically measures the patents originating from Japanese individuals and entities, providing insight into knowledge flows and technology transfer between the two economic powers.
Methodology
The data is collected and reported annually by the U.S. Patent and Trademark Office.
Historical Context
This metric is closely watched by policymakers, trade negotiators, and multinational corporations to gauge the competitiveness and collaborative R&D efforts between the U.S. and Japan.
Key Facts
- Japan is the 2nd largest source of utility patents granted by the U.S.
- Utility patents account for over 90% of total patents granted annually in the U.S.
- The U.S. and Japan are the world's top two countries by total patents granted
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual number of utility patents granted by the U.S. Patent and Trademark Office to inventors and companies based in Japan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the technological innovation and R&D collaboration between the U.S. and Japan, two of the world's largest economies and innovation hubs.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers, trade negotiators, and multinational corporations closely monitor this metric to gauge the competitiveness and collaborative R&D efforts between the U.S. and Japan.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, providing a timely indicator of patent activity between the two countries.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Japan (PATENT4NJPUTILITY), retrieved from FRED.