Individual Income Tax Filing: Taxable Pensions and Annuities
Thousands of U.S. Dollars
PATSIAGIA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
693,626,543.00
Year-over-Year Change
75.92%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Thousands of U.S. Dollars' trend measures the value of patent applications filed with the U.S. Patent and Trademark Office, a key indicator of 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
This economic series tracks the total number of patent applications filed in the United States, representing new inventions, technologies, and ideas being developed. It is a closely watched metric for policymakers and economists to gauge the pace of innovation within the U.S. economy.
Methodology
The data is collected directly from administrative records of the U.S. Patent and Trademark Office.
Historical Context
Patent application trends are used to assess the competitiveness and dynamism of the U.S. innovation ecosystem.
Key Facts
- Patent applications reached a record high in 2020.
- Trending up over the past decade, signaling increased R&D investment.
- Viewed as a leading indicator of future productivity growth.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of U.S. Dollars' trend tracks the total number of patent applications filed with the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Patent application trends are a key indicator of innovation, technological progress, and R&D investment within the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor patent application trends to assess the competitiveness and dynamism of the U.S. innovation ecosystem.
Q: Are there update delays or limitations?
A: The data is published with a short lag and represents a reliable, comprehensive measure of patent filings in the United States.
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Citation
U.S. Federal Reserve, Thousands of U.S. Dollars (PATSIAGIA), retrieved from FRED.