Imports of Services: Charges for the use of intellectual property n.i.e.
IEAMSIP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,935.00
Year-over-Year Change
-26.59%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Imports of Services: Charges for the use of intellectual property n.i.e.' metric measures the value of U.S. payments for the use of proprietary assets like patents, trademarks, and copyrights. This is a key indicator of international technology and knowledge transfers.
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 series tracks U.S. expenditures on imported intellectual property, including royalties, licensing fees, and other charges related to the use of intangible assets. It provides insight into the country's engagement in global knowledge-sharing and technology diffusion.
Methodology
The data is collected through surveys of U.S. companies and individuals by the Bureau of Economic Analysis.
Historical Context
Policymakers use this metric to assess the competitiveness of U.S. intellectual property, as well as the country's integration into international technology markets.
Key Facts
- Imports of IP services have grown by over 50% since 2010.
- The U.S. is a net importer of intellectual property, running a trade deficit in this category.
- Charges for IP use account for over 15% of total U.S. service imports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks U.S. payments for the use of foreign-owned intellectual property, including patents, trademarks, and copyrights.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the U.S. participation in global technology and knowledge transfer, which is important for assessing competitiveness and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. companies and individuals by the Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the U.S. position in international technology markets and the competitiveness of American intellectual property.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions over time.
Related Trends
Advance U.S. International Trade in Goods: Imports
AITGIXS
U.S. Imports of Goods by Customs Basis from Mexico
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Primary income payments: Investment income: Other investment income
IEAMIO
Imports of Goods: General Merchandise: Foods, feeds, and beverages
IEAMGFN
Imports of Goods: Balance of Payments Basis
BOPGIMP
Imports of Services: Maintenance and repair services n.i.e.
IEAMSM
Citation
U.S. Federal Reserve, Imports of Services: Charges for the use of intellectual property n.i.e. (IEAMSIP), retrieved from FRED.