U.S. Granted Patents: Total Patents Originating in All U.S. and Foreign Regions
This dataset tracks u.s. granted patents: total patents originating in all u.s. and foreign regions over time.
Latest Value
388861.00
Year-over-Year Change
109.94%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in All U.S. and Foreign Regions' trend measures the total number of patents granted by the United States Patent and Trademark Office (USPTO), including those filed by both domestic and international applicants.
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 indicator provides insight into the level of innovative activity and technological progress within the U.S. and global economies. Policymakers and analysts use this data to assess the competitiveness and productivity of the U.S. innovation ecosystem.
Methodology
The data is collected through the administrative records of the USPTO.
Historical Context
Trends in patenting activity are closely watched by policymakers, economists, and industry leaders as a key indicator of technological innovation and economic competitiveness.
Key Facts
- The U.S. granted over 330,000 patents in 2021.
- Patents originating from foreign applicants account for over 50% of total U.S. patents.
- The top patenting countries are the U.S., China, Japan, Germany, and South Korea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office, including those filed by both domestic and international applicants.
Q: Why is this trend relevant for users or analysts?
A: Trends in patenting activity are a key indicator of technological innovation and economic competitiveness, making this data highly relevant for policymakers, economists, and industry leaders.
Q: How is this data collected or calculated?
A: The data is collected through the administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the strength of the U.S. innovation ecosystem and inform policies aimed at promoting technological progress and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delay, providing timely insights into patenting trends.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in All U.S. and Foreign Regions (PATENTALLALLTOTAL), retrieved from FRED.