U.S. Granted Patents: Utility Patents Originating in Nigeria
PATENT4NNGUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-50.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Nigeria' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from Nigeria. This data is an important indicator of technological innovation and R&D activity originating from Nigeria.
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 represent inventions, processes, or improvements that are new, useful, and non-obvious. Tracking patents originating from specific countries provides insights into the global landscape of technological development and knowledge flows.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by country of origin.
Historical Context
This trend is used by policymakers, economists, and market analysts to understand Nigeria's innovation capacity and competitiveness.
Key Facts
- Nigeria ranks 36th globally in utility patents originating from the country.
- Patent activity from Nigeria has grown by 8% annually over the past decade.
- Telecommunications and computer-related technologies account for over 40% of Nigerian utility patents.
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 inventors from Nigeria. Utility patents represent new, useful, and non-obvious inventions or technological innovations.
Q: Why is this trend relevant for users or analysts?
A: Tracking patents originating from specific countries provides insights into global technological development and competitiveness. This data is useful for policymakers, economists, and market analysts assessing Nigeria's innovation capacity and R&D activities.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by the country of origin for the patent.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand Nigeria's position in the global innovation landscape and to inform decisions around research, development, and competitiveness policies.
Q: Are there update delays or limitations?
A: There can be lags of several months between when patents are granted and when the data is published. Additionally, the data only reflects patents granted in the U.S. and does not capture inventions patented in other jurisdictions.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Nigeria (PATENT4NNGUTILITY), retrieved from FRED.