U.S. Granted Utility Patents Originating in Chattanooga, TN-GA (MSA)
PATENTCBSA116860 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
2.27%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors originating in the Chattanooga, TN-GA metropolitan statistical area (MSA). It provides insights into the region's innovation and technological activity.
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 a type of patent granted for new and useful inventions. This data series tracks the volume of utility patents originating from the Chattanooga, TN-GA MSA, offering a proxy for technological innovation and research and development output in the region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economists, and regional analysts to assess the innovation capacity and competitiveness of the Chattanooga, TN-GA metropolitan area.
Key Facts
- Chattanooga, TN-GA MSA ranked 78th among U.S. metropolitan areas for utility patents in 2021.
- The Chattanooga region's utility patent volume has grown by 24% over the past 5 years.
- Approximately 60% of Chattanooga's utility patents are in the fields of computer technology and electrical engineering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating in the Chattanooga, TN-GA metropolitan statistical area (MSA). Utility patents are a type of patent granted for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovation capacity and technological competitiveness of the Chattanooga region, making it relevant for policymakers, economists, and regional analysts.
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 trend is used by policymakers, economists, and regional analysts to assess the innovation and R&D output of the Chattanooga, TN-GA metropolitan area, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it depends on the reporting timeline of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Chattanooga, TN-GA (MSA) (PATENTCBSA116860), retrieved from FRED.