U.S. Granted Patents: Utility Patents Originating in Trinidad and Tobago
PATENT4NTTUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the number of utility patents originating in Trinidad and Tobago that were granted by the United States Patent and Trademark Office. It provides insight into the innovative activity and technological development within this Caribbean nation.
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 key metric for tracking technological innovation and economic competitiveness. This data series specifically focuses on patents granted to inventors and organizations based in Trinidad and Tobago, offering a window into the country's contribution to global technological progress.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this metric to assess Trinidad and Tobago's participation in the global innovation economy.
Key Facts
- Trinidad and Tobago is the most industrialized economy in the Caribbean.
- The country has made investments to foster a culture of entrepreneurship and R&D.
- Utility patents represent new, useful, and non-obvious technological inventions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. to inventors and organizations based in Trinidad and Tobago. Utility patents cover new and useful inventions, innovations, and technological advancements.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and technological competitiveness of Trinidad and Tobago. It is an important indicator of the country's participation in the global knowledge economy and can inform economic and innovation policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the United States Patent and Trademark Office, which grants patents to inventors and organizations worldwide.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Trinidad and Tobago's ability to generate new technologies and compete in high-value, knowledge-intensive industries. It can inform policies aimed at fostering innovation, R&D, and technological development.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to process and grant patent applications. Additionally, the data only captures utility patents originating in Trinidad and Tobago, not the full scope of innovative activity in the country.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Trinidad and Tobago (PATENT4NTTUTILITY), retrieved from FRED.