U.S. Granted Patents: Total Patents Originating in Cuba
PATENT4NCUTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-50.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Cuba' metric tracks the total number of patents issued by the U.S. Patent and Trademark Office that originate from Cuba. This data provides insight into Cuba's technological innovation and participation in the global patent system.
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
This series measures the total number of U.S. patents granted to inventors or entities based in Cuba. It serves as an indicator of Cuba's scientific and technological capabilities, as well as its integration with global innovation networks.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
Policymakers and economists use this data to assess Cuba's economic and technological development.
Key Facts
- Cuba has received over 2,000 U.S. patents since 1963.
- The number of U.S. patents originating in Cuba has steadily increased since the 1990s.
- Cuba's patent activity is still relatively low compared to other countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. patents granted to inventors or entities based in Cuba. It provides insight into Cuba's technological innovation and participation in the global patent system.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for policymakers, economists, and analysts to assess Cuba's scientific and technological capabilities, as well as its integration with global innovation networks.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor Cuba's economic and technological development, and to inform policies related to trade, investment, and scientific cooperation.
Q: Are there update delays or limitations?
A: There may be delays in reporting the latest data, as the patent granting process can take time. Additionally, the data only reflects patents originating from Cuba, and may not capture the full scope of Cuba's technological activities.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Cuba (PATENT4NCUTOTAL), retrieved from FRED.