U.S. Granted Patents: Total Patents Originating in Nigeria
PATENT4NNGTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-25.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Nigeria' metric tracks the total number of patents granted by the U.S. Patent and Trademark Office to inventors based in Nigeria. This provides insight into Nigeria's innovative activity 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
This data series measures the total number of utility patents granted by the United States to inventors with a Nigerian address of residence. It offers an indicator of Nigeria's participation in the global innovation ecosystem and can be used to assess the country's scientific and technological progress over time.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and researchers use this metric to monitor Nigeria's innovation capacity and competitiveness.
Key Facts
- Nigeria accounted for 0.2% of U.S. granted patents in 2021.
- The number of U.S. patents originating in Nigeria has tripled over the past decade.
- Nigeria ranks 26th globally for U.S. patent grants among non-OECD countries.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of utility patents granted by the United States to inventors with a Nigerian address of residence.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Nigeria's participation in the global innovation ecosystem and can be used to assess the country's scientific and technological progress over time.
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: Policymakers and researchers use this metric to monitor Nigeria's innovation capacity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may not capture all granted patents in a given year.
Related Trends
U.S. Granted Utility Patents Originating in Mineral County, NV
PATENTCOUNTY32021
U.S. Granted Utility Patents Originating in Osceola County, IA
PATENTCOUNTY19143
U.S. Granted Utility Patents Originating in Worth County, MO
PATENTCOUNTY29227
U.S. Granted Patents: Reissue Patents Originating in Peru
PATENT4NPEREISSUE
U.S. Granted Utility Patents Originating in Switzerland County, IN
PATENTCOUNTY18155
U.S. Granted Patents: Total Patents Originating in Turkmenistan
PATENT4NTMTOTAL
Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Nigeria (PATENT4NNGTOTAL), retrieved from FRED.