U.S. Granted Patents: Utility Patents Originating in the United States
PATENTUSALLUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164,572.00
Year-over-Year Change
112.35%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in the United States' metric tracks the number of utility patents granted to inventors located in the United States. This is a key indicator of U.S. innovation and technological progress.
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 represent inventions or improvements on existing technologies. This series provides insight into the volume and trends of new domestic innovations being developed and commercially applied in the United States.
Methodology
The data is collected by the U.S. Patent and Trademark Office and measures the total number of utility patents granted to U.S. residents.
Historical Context
Economists and policymakers monitor this metric to assess the strength of U.S. innovation and competitiveness.
Key Facts
- Over 300,000 utility patents are granted annually to U.S. inventors.
- Utility patents account for over 90% of all patents issued by the U.S. government.
- Patent activity is concentrated in technology hubs like Silicon Valley and Boston.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in the United States' metric tracks the number of utility patents granted to inventors located in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the volume and trends of new domestic innovations being developed and commercially applied in the United States, which is a key indicator of U.S. innovation and technological progress.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and measures the total number of utility patents granted to U.S. residents.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the strength of U.S. innovation and competitiveness, which informs economic and technology policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 1-2 month delay.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in the United States (PATENTUSALLUTILITY), retrieved from FRED.