U.S. Granted Patents: Utility Patents Originating in Austria
PATENT4NATUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,511.00
Year-over-Year Change
226.35%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Austria' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) to inventors or companies from Austria. This metric is an important indicator of international technology and innovation flows.
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 that protects the functional aspects of an invention. The number of utility patents granted to Austrian entities is a key measure of the country's ability to develop and commercialize new technologies and products for the U.S. market.
Methodology
The data is collected and reported by the USPTO based on administrative records of patent applications and approvals.
Historical Context
Policymakers and economists use this trend to assess Austria's global competitiveness and innovative capacity relative to other countries.
Key Facts
- Austria ranked 10th globally by number of utility patents granted in the U.S. in 2021.
- Utility patents account for over 90% of all patents granted to Austrian entities by the USPTO.
- The U.S. is the top destination for patents originating from Austria.
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 or companies based in Austria.
Q: Why is this trend relevant for users or analysts?
A: The number of U.S. utility patents obtained by Austrian entities is an important indicator of the country's capacity for technological innovation and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office based on administrative records of patent applications and approvals.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Austria's innovative capacity and its ability to commercialize new technologies for the U.S. market.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in reporting utility patent data due to the time required for application processing and approval.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Austria (PATENT4NATUTILITY), retrieved from FRED.