U.S. Granted Patents: Utility Patents Originating in Bermuda
PATENT4NBMUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Bermuda' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from Bermuda. This metric provides insight into innovation and technological development in Bermuda.
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 granted for new and useful inventions, processes, machines, or compositions of matter. Monitoring patent grants by country of origin can indicate relative levels of innovation and technological leadership across nations.
Methodology
The data is collected directly from U.S. patent office records.
Historical Context
Trends in utility patent grants are used by economists and policymakers to assess a country's innovative capacity and competitiveness.
Key Facts
- Bermuda has historically had a relatively small number of utility patents granted in the U.S.
- Patent grants from Bermuda account for less than 0.1% of total U.S. utility patents.
- Utility patent grants from Bermuda have remained fairly stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. to inventors from Bermuda. Utility patents cover new and useful inventions, processes, machines, or compositions of matter.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent grants by country of origin provides insight into a nation's relative innovative capacity and technological development.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Trends in utility patent grants are used by economists and policymakers to assess a country's innovative capabilities and competitiveness.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required to process and publish patent data.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Bermuda (PATENT4NBMUTILITY), retrieved from FRED.