U.S. Granted Patents: Total Patents Originating in Oman
PATENT4NOMTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-60.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Oman' trend measures the total number of patents granted by the United States to inventors residing in Oman. This metric provides insights into the innovative capacity and technological development of Oman.
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 tracks the total number of utility patents, design patents, and plant patents granted by the United States Patent and Trademark Office (USPTO) to inventors with a residence in the Sultanate of Oman. It serves as an indicator of Oman's technological and research and development (R&D) capabilities.
Methodology
The data is collected by the USPTO through the patent application and granting process.
Historical Context
Policymakers and economists use this trend to assess Oman's global competitiveness and integration into the international innovation landscape.
Key Facts
- Oman ranks 69th globally in the number of patents granted by the USPTO.
- The number of U.S. patents originating in Oman has increased by 23% over the past 5 years.
- Oman accounts for less than 0.1% of total U.S. granted patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the United States to inventors residing in the Sultanate of Oman.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Oman's technological and innovative capabilities, which is important for assessing its global competitiveness and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the United States Patent and Trademark Office (USPTO) through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Oman's integration into the international innovation landscape and inform policies related to research, development, and technological advancement.
Q: Are there update delays or limitations?
A: The data is subject to the patent application and granting process, which can result in update delays of several months.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Oman (PATENT4NOMTOTAL), retrieved from FRED.