U.S. Granted Patents: Total Patents Originating in Norway
PATENT4NNOTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
763.00
Year-over-Year Change
156.90%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Norway' trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors and companies based in Norway. This data provides insight into the innovation and technological development of the Norwegian economy.
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 economic indicator tracks the volume of U.S. patent grants to Norwegian entities, which serves as a proxy for the country's scientific and technological capabilities. Patents are a key metric of innovation and can signal the competitiveness of a nation's industries and research institutions.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the listed country of origin for each granted patent.
Historical Context
Policymakers and analysts use this trend to assess Norway's global innovation performance and competitiveness relative to other countries.
Key Facts
- Norway ranked 12th globally for total patents granted in 2021.
- The U.S. received over 60% of Norway's total patent applications in 2020.
- Patent activity in Norway has grown by an average of 3.5% per year since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Total Patents Originating in Norway' trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors and companies based in Norway.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the innovation and technological development of the Norwegian economy, which is a key indicator of its global competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the listed country of origin for each granted patent.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Norway's global innovation performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Norway (PATENT4NNOTOTAL), retrieved from FRED.