U.S. Granted Patents: Utility Patents Originating in Guam
PATENTUSGUUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Guam' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Guam. This metric is an important indicator of Guam's innovative capacity and technological development.
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 patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter. The 'U.S. Granted Patents: Utility Patents Originating in Guam' series provides insight into the level of technological innovation and research and development activity taking place in Guam.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the reported location of the patent applicant.
Historical Context
Policymakers and economists monitor this trend to assess Guam's competitiveness and ability to foster a thriving innovation ecosystem.
Key Facts
- Guam accounts for less than 0.1% of total U.S. utility patents granted.
- Patent activity in Guam has been relatively flat over the past decade.
- High-tech industries are a small but growing part of Guam's economy.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Guam' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Guam.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of technological innovation and research and development activity taking place in Guam, which is an important indicator of the territory's economic competitiveness and growth potential.
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 applicant.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess Guam's ability to foster a thriving innovation ecosystem and support the growth of high-tech industries in the territory.
Q: Are there update delays or limitations?
A: The data may be subject to occasional reporting delays, and the small size of Guam's economy can make the trend more volatile than national-level patent statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Guam (PATENTUSGUUTILITY), retrieved from FRED.