U.S. Granted Patents: Total Patents Originating in Romania
PATENT4NROTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.00
Year-over-Year Change
875.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Romania' trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors from Romania. This metric provides insight into Romania's contribution to technological innovation and global competitiveness.
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 series tracks the total volume of U.S. patents awarded to Romanian inventors and companies. It serves as an indicator of Romania's research and development capabilities, as well as its ability to commercialize new technologies and compete in global markets.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the country of origin listed on patent applications.
Historical Context
Policymakers and economists analyze this trend to assess Romania's innovation ecosystem and identify opportunities for investment and collaboration.
Key Facts
- Romania accounts for approximately 0.5% of total U.S. patents granted.
- The number of U.S. patents originating in Romania has increased by 25% over the past decade.
- Romania's patent performance lags behind other European Union member states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office to inventors from Romania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Romania's contribution to technological innovation and global competitiveness, which is of interest to policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the country of origin listed on patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess Romania's innovation ecosystem and identify opportunities for investment and collaboration.
Q: Are there update delays or limitations?
A: The data is subject to the processing timelines of the U.S. Patent and Trademark Office, which may result in slight delays in reporting.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Romania (PATENT4NROTOTAL), retrieved from FRED.