U.S. Granted Patents: Utility Patents Originating in Kuwait
PATENT4NKWUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
93.33%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Kuwait' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors and companies based in Kuwait. This metric is a key indicator of Kuwaiti innovation and technological development.
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 a type of patent granted for new and useful inventions or improvements. The 'U.S. Granted Patents: Utility Patents Originating in Kuwait' series tracks the flow of Kuwaiti-based innovations into the U.S. patent system, which is a leading global barometer of technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on patent application filings and grants.
Historical Context
Policymakers and industry analysts use this metric to assess Kuwait's competitiveness and investments in research and development.
Key Facts
- Kuwaiti utility patents in the U.S. have grown by 25% over the past decade.
- Kuwait ranks 4th among GCC countries for U.S. utility patents per capita.
- The top Kuwaiti patent classes are digital communication and semiconductor devices.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Kuwait' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors and companies based in Kuwait.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Kuwaiti innovation and technological development, providing insights into the country's competitiveness and investments in research and development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on patent application filings and grants.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess Kuwait's competitiveness and investments in research and development.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 6 months, and it only includes utility patents granted in the U.S., not global patent data.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Kuwait (PATENT4NKWUTILITY), retrieved from FRED.