U.S. Granted Patents: Total Patents Originating in South Africa
PATENT4NZATOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.00
Year-over-Year Change
57.26%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in South Africa' trend tracks the total number of patents granted by the U.S. Patent and Trademark Office to inventors from South Africa. This metric is an important indicator of South Africa's contribution to global innovation and technological progress.
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 trend provides insight into the level of technological innovation and research and development activity in South Africa. The data can be used by economists, policymakers, and businesses to assess South Africa's competitiveness and potential for future growth and development.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reflects the total number of utility patents granted to inventors with a South African address.
Historical Context
The trend is used by policymakers, economists, and businesses to evaluate South Africa's technological capabilities and its integration into global innovation networks.
Key Facts
- South Africa accounts for approximately 0.3% of global patent activity.
- The number of U.S. patents granted to South African inventors has grown by over 50% in the past decade.
- The top technology areas for South African patenting include mining, energy, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office to inventors with a South African address.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into South Africa's technological innovation and competitiveness, which is important for policymakers, economists, and businesses evaluating the country's economic potential.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and reflects the total number of patents granted to South African inventors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess South Africa's integration into global innovation networks and inform policies aimed at promoting technological development and competitiveness.
Q: Are there update delays or limitations?
A: There may be a lag of several months between when patents are granted and when the data is published, but the U.S. Patent and Trademark Office provides timely updates on a regular basis.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in South Africa (PATENT4NZATOTAL), retrieved from FRED.