U.S. Granted Patents: Total Patents Originating in Venezuela
PATENT4NVETOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-81.25%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Venezuela' trend measures the total number of U.S. patents granted to inventors and organizations based in Venezuela. This data provides insights into Venezuela's technology and innovation activities.
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 total count of U.S. patents granted to Venezuelan residents and entities. It serves as an indicator of the country's technological capabilities and inventive output, which can inform economic and policy analyses.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and analysts use this trend to assess Venezuela's scientific and technological development.
Key Facts
- Venezuela accounted for 0.2% of U.S. patents granted in 2021.
- The number of U.S. patents granted to Venezuelan inventors has declined by 40% since 2015.
- The top Venezuelan patent assignees are universities and research institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. patents granted to inventors and organizations based in Venezuela. It serves as an indicator of the country's technological capabilities and inventive output.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Venezuela's innovation and technological development, which can inform economic analyses and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Venezuela's scientific and technological capabilities, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a few months' delay, and may not capture all patents due to processing times.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Venezuela (PATENT4NVETOTAL), retrieved from FRED.