U.S. Granted Patents: Utility Patents Originating in El Salvador
PATENT4NSVUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1995 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in El Salvador' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from El Salvador. This data is an important indicator of technological innovation and economic development in El Salvador.
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, new processes, and technological advancements. Tracking the number of utility patents originating in El Salvador provides insights into the country's capacity for innovation and ability to commercialize new technologies, which are key drivers of economic growth.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and analysts use this trend to assess El Salvador's progress in fostering a knowledge-based economy and promoting entrepreneurship and technological competitiveness.
Key Facts
- The U.S. granted 72 utility patents to inventors from El Salvador in 2021.
- Utility patents account for over 90% of all patents granted to El Salvadorian inventors.
- El Salvador's share of total U.S. utility patents has increased by 25% over the past decade.
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 El Salvador. Utility patents represent new inventions, processes, and technological advancements.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of utility patents originating in El Salvador provides insights into the country's capacity for innovation and ability to commercialize new technologies, which are key drivers of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess El Salvador's progress in fostering a knowledge-based economy and promoting entrepreneurship and technological competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in reporting the most recent data, as the patent application and granting process can take time to be finalized and recorded.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in El Salvador (PATENT4NSVUTILITY), retrieved from FRED.