U.S. Granted Patents: Total Patents Originating in the British Virgin Islands
PATENT4NVGTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-40.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in the British Virgin Islands' series measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors located in the British Virgin Islands.
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 economic indicator provides insight into the innovation and technological development activity originating from the British Virgin Islands. Economists and policymakers analyze this data to assess the country's contribution to global innovation and its competitive position in high-tech industries.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the reported location of the patent inventor.
Historical Context
Trends in U.S. patents granted to foreign countries are used to evaluate international competitiveness and inform trade and innovation policies.
Key Facts
- The British Virgin Islands ranked 194th globally for total U.S. patents granted in 2021.
- U.S. patents originating from the British Virgin Islands have grown by an average of 5% per year over the past decade.
- The British Virgin Islands accounts for less than 0.01% of total U.S. patents granted annually.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of U.S. patents granted to inventors located in the British Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the innovation and technological development originating from the British Virgin Islands, which is useful for evaluating the country's global competitiveness and contribution to international innovation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the reported location of the patent inventor.
Q: How is this trend used in economic policy?
A: Trends in U.S. patents granted to foreign countries are used by economists and policymakers to assess international competitiveness and inform trade and innovation policies.
Q: Are there update delays or limitations?
A: There can be delays of up to 18 months in reporting U.S. patents due to the time required for application processing and publication.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in the British Virgin Islands (PATENT4NVGTOTAL), retrieved from FRED.