U.S. Granted Patents: Plant Patents Originating in Georgia
Number, Annual, Not Seasonally Adjusted
PATENT4NGEPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1995 - 1/1/2020
Summary
The 'Number, Annual, Not Seasonally Adjusted' economic trend tracks the annual number of utility patent grants by the United States Patent and Trademark Office (USPTO). This metric is an important indicator of technological innovation and R&D investment.
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 'Number, Annual, Not Seasonally Adjusted' series measures the total number of utility patents granted by the USPTO each year. Utility patents cover new and useful inventions, processes, or improvements, reflecting R&D and innovation activity in the U.S. economy.
Methodology
The data is collected directly from USPTO administrative records on patent grants.
Historical Context
Analysts and policymakers use this trend to monitor the pace of technological change and innovation in the U.S.
Key Facts
- The U.S. issued over 333,000 utility patents in 2021.
- Patents cover a wide range of innovations, from software to biotechnology.
- Utility patent grants have generally trended upward over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The 'Number, Annual, Not Seasonally Adjusted' trend tracks the total number of utility patents granted by the U.S. Patent and Trademark Office each year.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of technological innovation and R&D investment in the U.S. economy, providing insights into the pace of new product development and commercialization.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records on patent grants maintained by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of the U.S. innovation ecosystem and the impact of policies aimed at promoting R&D and technological advancement.
Q: Are there update delays or limitations?
A: The data is updated annually, with a lag of several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Number, Annual, Not Seasonally Adjusted (PATENT4NGEPLANT), retrieved from FRED.