U.S. Granted Patents: Total Patents Originating in Finland
PATENT4NFITOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,552.00
Year-over-Year Change
70.93%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Finland' trend measures the total number of U.S. patents granted to inventors or entities based in Finland. This metric is a key indicator of Finnish innovation and technological competitiveness in the global marketplace.
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 data series tracks the total number of U.S. utility patents granted to applicants residing in Finland. It provides insights into the innovation capacity and technological capabilities of Finnish companies, inventors, and research institutions, as they seek to protect their intellectual property in the world's largest patent market.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the country of residence of patent applicants.
Historical Context
Policymakers and economists monitor this trend to gauge Finland's performance in global technology and innovation.
Key Facts
- Finland consistently ranks among the world's most innovative economies.
- U.S. patents are a key indicator of Finland's technological capabilities.
- Finland accounts for about 0.5% of total U.S. patents granted annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. utility patents granted to inventors or entities based in Finland, providing insights into Finnish innovation and technological competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend helps policymakers and economists assess Finland's performance in global technology and innovation, which is crucial for understanding its economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the country of residence of patent applicants.
Q: How is this trend used in economic policy?
A: Governments and institutions use this trend to evaluate Finland's innovation capacity and guide policies that support research, development, and technology commercialization.
Q: Are there update delays or limitations?
A: The data is subject to typical patent application and grant processing timelines, which can result in publication delays of several months.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Finland (PATENT4NFITOTAL), retrieved from FRED.