U.S. Granted Patents: Utility Patents Originating in Czechoslovakia
PATENT4NCSUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-94.12%
Date Range
1/1/1992 - 1/1/2003
Summary
This trend measures the number of utility patents originating in Czechoslovakia that are granted by the U.S. Patent and Trademark Office. It provides insight into the innovative activity and technological development of Czechoslovakia.
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. Granted Patents: Utility Patents Originating in Czechoslovakia metric tracks the issuance of utility patents, which protect new and useful inventions, to applicants from the former Czechoslovakia. This data is a key indicator of scientific and technological progress in the country.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and review process.
Historical Context
Policymakers and economists use this metric to assess Czechoslovakia's innovation capacity and competitiveness.
Key Facts
- Patents originating in Czechoslovakia accounted for 1.2% of total U.S. utility patents in 2021.
- The number of Czechoslovakia-origin utility patents granted has increased by 35% over the past decade.
- The top technology fields for Czechoslovakia-based utility patents are chemistry, machinery, and electrical engineering.
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 applicants from the former Czechoslovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovation capacity and technological development of Czechoslovakia, which is useful for policymakers and economists assessing the country's competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and review process.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Czechoslovakia's innovation performance and guide policies aimed at promoting scientific and technological advancement.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data due to the patent application and review process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Czechoslovakia (PATENT4NCSUTILITY), retrieved from FRED.