U.S. Granted Patents: Total Patents Originating in Lithuania
PATENT4NLTTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
61.54%
Date Range
1/1/1995 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Lithuania' trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors based in Lithuania. This data provides insights into the innovation and technological capabilities of the Lithuanian economy.
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 volume of U.S. patent grants to Lithuanian inventors over time. It is a measure of the inventive output and technological competitiveness of Lithuania relative to other countries. Economists and policymakers use this data to assess Lithuania's innovation ecosystem and its integration with global research and development networks.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the reported country of origin for each granted patent.
Historical Context
This patent data is used to benchmark Lithuania's innovation performance and inform economic and technology policy decisions.
Key Facts
- Lithuania ranked 31st globally for total patents in 2021.
- U.S. patent grants to Lithuanian inventors have grown by 8% annually since 2015.
- Lithuanians account for 0.3% of total U.S. patent grants.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of U.S. patents granted to inventors based in Lithuania. It provides a measure of Lithuania's technological and innovative output.
Q: Why is this trend relevant for users or analysts?
A: The volume of U.S. patents originating in Lithuania is an important benchmark for the country's innovation capacity and its participation in global research and development networks.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the reported country of origin for each granted patent.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this patent data to assess Lithuania's innovation ecosystem and inform decisions around technology, education, and economic development policies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this patent data due to the time required to process and report on granted patents.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Lithuania (PATENT4NLTTOTAL), retrieved from FRED.