U.S. Granted Patents: Utility Patents Originating in Oman
PATENT4NOMUTILITY • 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: Utility Patents Originating in Oman' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors based in Oman. This metric provides insight into Oman's innovation 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
Utility patents are a type of patent granted for new and useful inventions, processes, or improvements. The number of utility patents originating in Oman is an indicator of the country's capacity for innovation and technological advancement, which is relevant for economists and policymakers assessing Oman's economic and industrial progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on patent application and granting records.
Historical Context
This metric is used by economists, policymakers, and market analysts to evaluate Oman's innovation ecosystem and its integration into global technology and research and development networks.
Key Facts
- Oman granted 36 utility patents in 2020.
- Patent grants to Oman have increased by 75% over the past decade.
- Oman accounts for less than 0.1% of global utility patent grants.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors based in Oman.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in Oman is an indicator of the country's capacity for innovation and technological advancement, which is relevant for economists and policymakers assessing Oman's economic and industrial progress.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on patent application and granting records.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and market analysts to evaluate Oman's innovation ecosystem and its integration into global technology and research and development networks.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, and the metric only reflects patents granted in the U.S. and does not capture patents granted in other jurisdictions.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Oman (PATENT4NOMUTILITY), retrieved from FRED.