U.S. Granted Utility Patents Originating in Clarksville, TN-KY (MSA)
PATENTCBSA117300 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-20.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors and companies originating in the Clarksville, TN-KY 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
The U.S. Granted Utility Patents Originating in Clarksville, TN-KY (MSA) trend measures the output of new inventions and technologies coming from this specific geographic region. It is an important indicator of the area's research, development, and commercialization capabilities.
Methodology
The data is collected and calculated by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
This metric is closely monitored by policymakers, economic development agencies, and investors to assess the innovative capacity and competitiveness of the Clarksville region.
Key Facts
- Patents granted in Clarksville, TN-KY MSA reached a record high in 2021.
- The region ranks among the top 20 U.S. metropolitan areas for patent output.
- Patent activity in the Clarksville MSA has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted to inventors and companies originating from the Clarksville, TN-KY metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: The number of patents granted in a region is a key indicator of its innovation and technological capabilities, which are important for economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and investors closely monitor this metric to assess the innovative capacity and competitiveness of the Clarksville region.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the end of each period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Clarksville, TN-KY (MSA) (PATENTCBSA117300), retrieved from FRED.