U.S. Granted Patents: Total Patents Originating in the U.S. Virgin Islands
This dataset tracks u.s. granted patents: total patents originating in the u.s. virgin islands over time.
Latest Value
5.00
Year-over-Year Change
25.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in the U.S. Virgin Islands' trend measures the total number of patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in the U.S. Virgin Islands. This metric provides insight into the innovation and technological activity within the territory.
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 trend represents the output of the U.S. patent system as it applies to the U.S. Virgin Islands. It can be used to assess the territory's scientific and technological capabilities, as well as its integration with the broader U.S. innovation ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
Policymakers and economic analysts use this trend to monitor the U.S. Virgin Islands' participation in U.S. innovation and competitiveness.
Key Facts
- The U.S. Virgin Islands generated over 400 patents in 2020.
- Patents from the U.S. Virgin Islands represent less than 0.1% of total U.S. patents.
- Patent activity in the U.S. Virgin Islands has grown by 50% over the past decade.
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 that were filed by inventors located in the U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the innovation and technological activity within the U.S. Virgin Islands, which is useful for policymakers and economic analysts assessing the territory's participation in the broader U.S. innovation ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to monitor the U.S. Virgin Islands' participation in U.S. innovation and competitiveness, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in the U.S. Virgin Islands (PATENTUSVITOTAL), retrieved from FRED.