U.S. Granted Patents: Total Patents Originating in Peru
This dataset tracks u.s. granted patents: total patents originating in peru over time.
Latest Value
14.00
Year-over-Year Change
180.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Peru' trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors residing in Peru. This metric is important for understanding Peru's scientific and technological innovation within the global 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 series tracks the number of utility patents, design patents, and plant patents originating from Peru that are granted by the U.S. patent office. It provides insight into Peru's participation in the international intellectual property system and its ability to generate new technologies and products for global markets.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the reported country of residence of patent applicants.
Historical Context
Policymakers and analysts use this metric to assess Peru's scientific and economic competitiveness relative to other countries.
Key Facts
- Peru accounted for 0.1% of total U.S. patents granted in 2021.
- U.S. patent grants to Peruvian inventors have increased by 50% over the past decade.
- Patents are a key driver of technological progress and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors residing in Peru.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Peru's scientific and technological innovation capabilities and its participation in the global intellectual property system.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the reported country of residence of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Peru's scientific and economic competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all granted patents due to processing and reporting delays.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Peru (PATENT4NPETOTAL), retrieved from FRED.