U.S. Granted Patents: Utility Patents Originating in Kenya
PATENT4NKEUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
2200.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Kenya' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to Kenyan inventors and companies. This metric provides insight into Kenya's innovation and technological development.
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, which protect the functional aspects of inventions, are a key indicator of a country's innovative capacity and scientific advancement. Tracking patents originating in Kenya sheds light on its research and development capabilities, as well as its participation in the global technology ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and issuance process.
Historical Context
Policymakers and economic analysts use this metric to assess Kenya's competitiveness and integration into international innovation networks.
Key Facts
- Kenya was granted 87 utility patents in 2021.
- Utility patents from Kenya have grown by 5% annually over the past decade.
- The majority of Kenyan utility patents are in the fields of communications and medical technologies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors and companies originating in Kenya.
Q: Why is this trend relevant for users or analysts?
A: Tracking Kenyan utility patents provides insight into the country's innovation capacity and technological development, which are key indicators of economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's patent application and issuance records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Kenya's integration into global innovation networks and to inform policies that support research, development, and technological advancement.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of complete patent data, as the application and issuance process can take time to be fully recorded.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Kenya (PATENT4NKEUTILITY), retrieved from FRED.