U.S. Granted Patents: Utility Patents Originating in Albania
PATENT4NALUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1999 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Albania' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from Albania. This metric is a key indicator of technological innovation and economic development in Albania.
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
Utility patents are a type of patent granted for new and useful inventions, processes, machines, or compositions of matter. This data series provides insights into the level of research, development, and commercialization activity in Albania, which is crucial for understanding its economic competitiveness and technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the country of origin for each granted utility patent.
Historical Context
Policymakers and economists use this trend to evaluate Albania's innovation capacity and its integration into global technology and trade networks.
Key Facts
- Albania ranked 92nd globally in utility patents granted in 2021.
- The number of utility patents originating in Albania has grown by 50% over the past decade.
- Mechanical engineering is the top patenting field for Albanian inventors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from Albania. Utility patents cover new and useful inventions, processes, or technologies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Albania's technological innovation and economic development. It is a key indicator of research, commercialization, and competitiveness in the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the country of origin for each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Albania's innovation capacity and its integration into global technology and trade networks, which informs decisions around investment, trade, and economic development strategies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of this data due to the patent application and granting process. Additionally, the data only covers utility patents granted in the U.S. and may not reflect the full scope of inventive activity in Albania.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Albania (PATENT4NALUTILITY), retrieved from FRED.