U.S. Granted Patents: Utility Patents Originating in Turkey
This dataset tracks u.s. granted patents: utility patents originating in turkey over time.
Latest Value
194.00
Year-over-Year Change
1112.50%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Turkey' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from Turkey. This metric is important for economists and policymakers to understand innovation and technological progress in Turkey.
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 intellectual property right granted to inventions with a functional purpose. Tracking the volume of utility patents originating from Turkey provides insights into the country's technological capabilities, R&D investment, and participation in the global innovation economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess Turkey's innovative capacity and competitiveness.
Key Facts
- Turkey ranked 19th globally for utility patents in 2021.
- The number of utility patents originating in Turkey has grown by 58% over the past decade.
- Mechanical engineering is the largest category of utility patents from Turkey.
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 originating from Turkey.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents from Turkey provides insights into the country's technological capabilities, innovation, and competitiveness in the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Turkey's innovation performance and inform policies aimed at promoting R&D and technological development.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the patent application and granting process, and the data only reflects 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 Turkey (PATENT4NTRUTILITY), retrieved from FRED.