U.S. Granted Patents: Utility Patents Originating in Papua New Guinea
PATENT4NPGUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2002
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Papua New Guinea' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from Papua New Guinea. This metric is a key indicator of innovative activity and technological progress in the country.
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. This series specifically measures the number of such patents awarded to residents of Papua New Guinea, providing insight into their contributions to technological advancement and innovation.
Methodology
The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Historical Context
Trends in utility patents originating from Papua New Guinea are closely monitored by policymakers, researchers, and industry analysts to assess the country's scientific and technological competitiveness.
Key Facts
- Papua New Guinea has received under 100 U.S. utility patents per year on average.
- The number of utility patents granted to PNG inventors has grown steadily over the past decade.
- The U.S. is a major destination for innovative products and technologies from Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Papua New Guinea' series tracks the number of utility patents awarded by the U.S. to inventors from Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and technological progress of Papua New Guinea, which is of interest to policymakers, researchers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in utility patents originating from Papua New Guinea are closely monitored to assess the country's scientific and technological competitiveness, which informs economic and innovation policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting new patent data, and the series only covers utility patents granted in the U.S., not globally.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Papua New Guinea (PATENT4NPGUTILITY), retrieved from FRED.