U.S. Granted Utility Patents Originating in an Undetermined Statistical Area in Virginia
PATENTCBSA000151 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in an undetermined statistical area in Virginia. It provides insights into innovation and technological progress 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
The U.S. Granted Utility Patents Originating in an Undetermined Statistical Area in Virginia metric tracks the volume of patent applications approved by the United States Patent and Trademark Office for inventions created within an unspecified geographic area of Virginia. This data point is used to analyze trends in regional innovation and technological development.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is relevant for economists and policymakers studying regional economic growth and innovation.
Key Facts
- Virginia is a leading state for patent registrations.
- Utility patents account for the majority of all U.S. patents issued.
- The undetermined statistical area reflects parts of Virginia outside major metro regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from an unspecified geographic area within the state of Virginia. Utility patents cover new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of innovation and technological progress occurring in parts of Virginia outside major urban centers. It is useful for analyzing regional economic development.
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: Economists and policymakers use this metric to understand patterns of innovation and technological advancement in different regions, which informs economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to process and approve patent applications. The geographic specificity is also limited to an undetermined statistical area rather than a specific city or county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in an Undetermined Statistical Area in Virginia (PATENTCBSA000151), retrieved from FRED.