U.S. Granted Patents: Total Patents Originating in Portugal
PATENT4NPTTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.00
Year-over-Year Change
416.13%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Portugal' trend measures the total number of patents granted by the United States Patent and Trademark Office that were filed by inventors from Portugal. This metric is an important indicator of technological innovation and economic competitiveness.
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 U.S. patents granted to inventors residing in Portugal. It provides insight into the level of Portuguese participation in the global innovation economy and the country's technological capabilities relative to other nations.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and economists analyze this trend to understand Portugal's technological strengths, research and development investments, and competitiveness in key industries.
Key Facts
- Portugal accounts for approximately 0.5% of total U.S. patents granted.
- Patent grants to Portuguese inventors have grown by 25% over the past decade.
- The top fields for Portuguese patent activity are electronics, mechanical engineering, and chemistry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. patents granted to inventors residing in Portugal. It indicates the level of Portuguese technological innovation and participation in the global patent system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Portugal's competitiveness and ability to commercialize new technologies. It is an important indicator of the country's research and development capabilities and its integration into international innovation networks.
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 economists analyze this trend to understand Portugal's technological strengths, research and development investments, and competitiveness in key industries. It informs policies aimed at fostering innovation and economic growth.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of patent data, as the application and granting process takes time. Additionally, the data only captures patents filed with the U.S. Patent and Trademark Office, and may not reflect the full scope of Portuguese innovation.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Portugal (PATENT4NPTTOTAL), retrieved from FRED.