U.S. Granted Utility Patents Originating in Atlantic City-Hammonton, NJ (MSA)
PATENTCBSA112100 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-25.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors and companies originating in the Atlantic City-Hammonton, NJ metropolitan statistical area (MSA). Utility patents are a key indicator of innovative activity and technological development in a 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
Utility patents are granted for new, useful, and non-obvious inventions. Tracking patent grants in specific geographic areas provides insights into the innovation ecosystem and economic competitiveness of that region.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan statistical area.
Historical Context
Policymakers and economic development agencies use this data to evaluate and benchmark the innovation capacity of local economies.
Key Facts
- Utility patents represent new, useful, and non-obvious inventions.
- Atlantic City-Hammonton, NJ is a major metropolitan area in the United States.
- Patent data provides insights into regional innovation and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and companies originating in the Atlantic City-Hammonton, NJ metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants in specific geographic areas provides insights into the innovation ecosystem and economic competitiveness of that region, which is valuable information for policymakers and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to evaluate and benchmark the innovation capacity of local economies, informing decisions about economic development strategies and investments.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and any reporting delays of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Atlantic City-Hammonton, NJ (MSA) (PATENTCBSA112100), retrieved from FRED.