U.S. Imports of Services: Charges for the Use of Intellectual Property, not included elsewhere
ITMCIPM133S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,462.00
Year-over-Year Change
1.32%
Date Range
1/1/1999 - 6/1/2025
Summary
This economic trend measures the value of U.S. imports of services related to intellectual property usage, excluding other categories. It provides insights into the nation's reliance on foreign intellectual property and has implications for trade, innovation, and competitiveness.
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
The 'U.S. Imports of Services: Charges for the Use of Intellectual Property, not included elsewhere' trend tracks the financial value of royalties, license fees, and other payments made by U.S. entities to foreign owners of intellectual property. This data is used by economists and policymakers to analyze the country's dependence on external knowledge and technology resources.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other entities engaged in international trade.
Historical Context
Trends in this metric can inform trade negotiations, technology policy, and strategies to promote domestic innovation.
Key Facts
- U.S. imports of intellectual property services totaled $125.7 billion in 2021.
- This metric has grown at an average annual rate of 4.8% over the past decade.
- Charges for intellectual property usage account for over 20% of total U.S. service imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the financial value of royalties, license fees, and other payments made by U.S. entities to foreign owners of intellectual property, excluding other service import categories.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insights into the U.S. economy's reliance on foreign intellectual property, which has implications for trade, innovation, and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other entities engaged in international trade.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform trade negotiations, technology policy, and strategies to promote domestic innovation and reduce dependence on foreign intellectual property.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, U.S. Imports of Services: Charges for the Use of Intellectual Property, not included elsewhere (ITMCIPM133S), retrieved from FRED.