U.S. Granted Patents: Design Patents Originating in the Cayman Islands
PATENT4NKYDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
250.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in the Cayman Islands' trend tracks the number of design patents granted by the U.S. Patent and Trademark Office to applicants from the Cayman Islands. This metric provides insight into the innovation and intellectual property activity in the Cayman Islands.
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
Design patents protect the ornamental design of a functional item. Monitoring design patent grants from the Cayman Islands can indicate the level of entrepreneurship, product development, and economic diversification in this major offshore financial center.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
This trend is relevant for economists and policymakers analyzing innovation trends and the global competitiveness of the Cayman Islands' economy.
Key Facts
- The Cayman Islands ranked 3rd globally in design patent grants in 2021.
- Design patents account for 15% of total patents granted to Cayman Islands entities.
- Patent activity from the Cayman Islands has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of design patents granted by the U.S. Patent and Trademark Office to applicants from the Cayman Islands.
Q: Why is this trend relevant for users or analysts?
A: Monitoring design patent grants from the Cayman Islands can indicate the level of entrepreneurship, product development, and economic diversification in this major offshore financial center.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: This trend is relevant for economists and policymakers analyzing innovation trends and the global competitiveness of the Cayman Islands' economy.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may not capture all patents granted in a given period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in the Cayman Islands (PATENT4NKYDESIGN), retrieved from FRED.