U.S. Granted Utility Patents Originating in Albuquerque, NM (MSA)
PATENTCBSA110740 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
294.00
Year-over-Year Change
21.99%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted that originate from the Albuquerque, NM metropolitan statistical area (MSA). It provides insights into regional innovation and technological advancement.
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 Albuquerque, NM (MSA) series tracks the number of utility patents issued by the U.S. Patent and Trademark Office that have an inventor residing in the Albuquerque, NM MSA. This metric is used to gauge the level of technological innovation and research and development activity in the region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This economic indicator is closely monitored by policymakers, economic development organizations, and industry analysts to assess the innovative capacity and competitiveness of the Albuquerque metro area.
Key Facts
- Albuquerque MSA generated 1,021 utility patents in 2021.
- Patent volume in Albuquerque has grown by 40% over the past decade.
- Albuquerque ranks 31st among U.S. metro areas for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Albuquerque, NM metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of technological innovation and research and development activity in the Albuquerque region, which is important for understanding its economic competitiveness and potential for future growth.
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: This indicator is closely monitored by policymakers, economic development organizations, and industry analysts to assess the innovative capacity and competitiveness of the Albuquerque metro area.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a lag of several months, so the most recent figures may not fully reflect the current state of patent activity in the Albuquerque region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Albuquerque, NM (MSA) (PATENTCBSA110740), retrieved from FRED.