U.S. Granted Patents: Design Patents Originating in Puerto Rico
PATENTUSPRDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
375.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Puerto Rico' trend measures the number of design patents issued by the U.S. Patent and Trademark Office to inventors based in Puerto Rico. This metric provides insight into the innovation and intellectual property activity in the U.S. territory.
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
Design patents protect the ornamental or aesthetic aspects of an invention, as opposed to utility patents which cover the functional elements. Tracking design patents from Puerto Rico offers a window into the level of industrial design and new product development originating from the island.
Methodology
The data is collected through the official patent application and issuance process of the U.S. Patent and Trademark Office.
Historical Context
Design patent data is used by economists, policymakers, and businesses to assess trends in innovation and competitiveness.
Key Facts
- Design patents account for about 10% of all U.S. patents granted annually.
- Puerto Rico has seen a steady increase in design patents over the past decade.
- The top design patent categories for Puerto Rico include industrial equipment and consumer products.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Design Patents Originating in Puerto Rico' trend tracks the number of design patents issued by the U.S. to inventors based in Puerto Rico.
Q: Why is this trend relevant for users or analysts?
A: Design patent data provides insight into innovative activity and new product development in Puerto Rico, which is useful for economists, policymakers, and businesses assessing economic competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected through the official patent application and issuance process of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Design patent data is used by economists and policymakers to monitor innovation and competitiveness, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a several month lag in the availability of the most recent design patent data due to the time required for applications, reviews, and issuance by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Puerto Rico (PATENTUSPRDESIGN), retrieved from FRED.