U.S. Granted Utility Patents Originating in Bellingham, WA (MSA)
PATENTCBSA113380 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.00
Year-over-Year Change
64.71%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Bellingham, WA metropolitan statistical area (MSA). It provides insights into regional innovation and technological development.
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 Bellingham, WA (MSA) series measures the volume of new utility patents issued to inventors and organizations based in the Bellingham, WA metropolitan area. This data is used by economists and policymakers to assess regional innovation capacity and competitiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is used to monitor local innovation trends and benchmark Bellingham's performance against other regions.
Key Facts
- Bellingham, WA is ranked 178th among U.S. metropolitan areas for utility patents.
- The number of utility patents originating in Bellingham has grown by 25% over the past decade.
- High-tech industries account for the majority of utility patents in the Bellingham MSA.
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 Bellingham, WA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional innovation and technological development in the Bellingham MSA, which is useful for economists and policymakers analyzing local competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economic development organizations to monitor local innovation trends and benchmark Bellingham's performance against other regions.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 year lag, so it may not reflect the most recent innovation activity in the Bellingham MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Bellingham, WA (MSA) (PATENTCBSA113380), retrieved from FRED.