U.S. Granted Patents: Total Patents Originating in Guam
PATENTUSGUTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/1993 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Guam' series tracks the total number of patents granted by the U.S. Patent and Trademark Office that originate from the U.S. territory of Guam. This data is an important indicator of innovation and technological development in the region.
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 represents the total number of utility patents, design patents, and plant patents issued by the U.S. government that list Guam as the origin location. It provides insights into the level of inventive and creative activity taking place in Guam, which can inform economic and policy decisions.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policy makers and economists use this data to assess Guam's innovation ecosystem and competitiveness.
Key Facts
- Guam is a U.S. territory located in the western Pacific Ocean.
- Patent grants are a key indicator of technological and scientific progress.
- The number of patents originating from Guam reflects its level of innovative activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. government that originate from the U.S. territory of Guam.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of inventive and creative activity taking place in Guam, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policy makers and economists use this data to assess Guam's innovation ecosystem and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and any limitations of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Guam (PATENTUSGUTOTAL), retrieved from FRED.