U.S. Granted Patents: Total Patents Originating in Sri Lanka
PATENT4NLKTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
350.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Sri Lanka' trend measures the total number of U.S. patents granted to inventors or entities based in Sri Lanka. This provides insight into Sri Lanka's technological innovation and participation in the global patent system.
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
This economic indicator tracks the total patents originating from Sri Lanka that are granted by the United States Patent and Trademark Office (USPTO). It is used by economists, policymakers, and analysts to assess Sri Lanka's technological competitiveness and innovation capacity relative to other countries.
Methodology
The data is collected by the USPTO based on the country of origin declared on patent applications.
Historical Context
This trend is relevant for understanding Sri Lanka's role in global technology and innovation markets.
Key Facts
- Sri Lanka accounted for 0.06% of total U.S. patents granted in 2021.
- U.S. patents originating in Sri Lanka have grown by 78% over the past decade.
- The top technological fields for Sri Lankan patents are Chemistry and Mechanical Engineering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. patents granted to inventors or entities based in Sri Lanka. It provides insight into Sri Lanka's technological innovation and participation in the global patent system.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Sri Lanka's technological competitiveness and innovation capacity relative to other countries. It is used by economists, policymakers, and analysts to assess Sri Lanka's role in global technology and innovation markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the country of origin declared on patent applications.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and institutions to evaluate Sri Lanka's innovation ecosystem and inform policies aimed at promoting technological development and competitiveness.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as patent applications can take time to be processed and granted. Additionally, the data only reflects patents originating in Sri Lanka that are granted by the U.S. patent office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Sri Lanka (PATENT4NLKTOTAL), retrieved from FRED.