U.S. Granted Patents: Total Patents Originating in Puerto Rico
PATENTUSPRTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.00
Year-over-Year Change
300.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Puerto Rico' trend measures the total number of patents issued by the U.S. Patent and Trademark Office that originate from Puerto Rico. This metric provides insights into innovation and technological activity within the Puerto Rican economy.
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 data series tracks the total number of patents granted to inventors and businesses based in Puerto Rico. It serves as an indicator of the region's capacity for innovation, research and development, and technological competitiveness compared to other U.S. states and territories.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this metric to assess Puerto Rico's economic and innovative performance relative to the mainland United States.
Key Facts
- Puerto Rico accounted for 0.4% of total U.S. patents granted in 2021.
- Patent activity in Puerto Rico has grown by 58% over the past decade.
- The leading patent classes for Puerto Rico-based inventors are Semiconductor Devices, Drugs, and Organic Compounds.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Total Patents Originating in Puerto Rico' trend measures the total number of patents issued by the U.S. Patent and Trademark Office that originate from Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovation and technological capacity of the Puerto Rican economy, which is important for policymakers and economists analyzing the region's economic performance.
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 economists use this metric to assess Puerto Rico's economic and innovative performance relative to the mainland United States.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Puerto Rico (PATENTUSPRTOTAL), retrieved from FRED.