U.S. Granted Patents: Total Patents Originating in Turks and Caicos
PATENT4NTCTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1996 - 1/1/2018
Summary
The 'U.S. Granted Patents: Total Patents Originating in Turks and Caicos' trend measures the total number of U.S. patents granted to inventors from the Turks and Caicos Islands, a British Overseas Territory.
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 provides insight into the innovation and technological output of the Turks and Caicos, which can have implications for economic development and policy. It is used by economists, policymakers, and businesses to analyze patterns of intellectual property and technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO) based on the inventor's country of residence.
Historical Context
Tracking this metric helps inform assessments of Turks and Caicos' innovation ecosystem and competitiveness.
Key Facts
- Turks and Caicos is a British Overseas Territory with a population of around 40,000.
- The territory has seen a steady increase in U.S. patents originating from local inventors in recent years.
- Patenting activity is an indicator of technological and innovative capacity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. patents granted to inventors from the Turks and Caicos Islands, a British Overseas Territory.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in Turks and Caicos provides insight into the territory's innovation ecosystem and technological progress, which is relevant for economic development analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO) based on the inventor's country of residence.
Q: How is this trend used in economic policy?
A: This metric helps inform assessments of Turks and Caicos' innovation capacity and competitiveness, which can inform economic development policies and strategies.
Q: Are there update delays or limitations?
A: There may be some delay in reporting due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Turks and Caicos (PATENT4NTCTOTAL), retrieved from FRED.