U.S. Granted Patents: Total Patents Originating in Georgia
PATENT4NGETOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-33.33%
Date Range
1/1/1995 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Georgia' trend measures the total number of patents granted to inventors and businesses located in the state of Georgia. This metric is an important indicator of innovation and economic competitiveness within the state.
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 trend provides insight into Georgia's innovation ecosystem and technological development. Tracking the number of patents originating in the state allows economists and policymakers to assess the state's ability to foster new ideas, inventions, and businesses.
Methodology
The data is collected by the United States Patent and Trademark Office (USPTO) and represents the total count of utility, design, and plant patents granted to Georgia-based applicants.
Historical Context
Analyzing patent trends helps inform decisions around research and development (R&D) investment, workforce development, and economic policies aimed at promoting innovation.
Key Facts
- Georgia ranks 8th among U.S. states for total patents granted.
- Patent volume in Georgia has grown by 25% over the past decade.
- The top patenting industries in Georgia include aerospace, telecommunications, and biopharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted to inventors and businesses located in the state of Georgia by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in Georgia provides insight into the state's innovation ecosystem and technological competitiveness, which is important for assessing economic development and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and represents the total count of utility, design, and plant patents granted to Georgia-based applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this patent data to inform decisions around research and development (R&D) investment, workforce development, and other policies aimed at promoting innovation and economic growth in Georgia.
Q: Are there update delays or limitations?
A: The patent data is published with a 1-2 year lag, so the most recent figures may not fully reflect the current state of innovation in Georgia.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Georgia (PATENT4NGETOTAL), retrieved from FRED.