U.S. Granted Utility Patents Originating in Crestview-Fort Walton Beach-Destin, FL (MSA)
PATENTCBSA118880 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
12.50%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Crestview-Fort Walton Beach-Destin, FL metropolitan statistical area (MSA). Utility patents are a key indicator of technological innovation and economic competitiveness 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
The U.S. Granted Utility Patents Originating in Crestview-Fort Walton Beach-Destin, FL (MSA) measures the total number of utility patents awarded to inventors and businesses located within this specific MSA. This metric provides insights into the region's capacity for research, development, and commercialization of new technologies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this trend to assess the innovative potential and technological competitiveness of the Crestview-Fort Walton Beach-Destin, FL region.
Key Facts
- The Crestview-Fort Walton Beach-Destin, FL MSA is home to several major military installations.
- Utility patents measure the creation of new and useful inventions, processes, or machines.
- Patent data is a leading indicator of a region's capacity for technological advancement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted to inventors and businesses located within the Crestview-Fort Walton Beach-Destin, FL metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides insights into the innovative capacity and technological competitiveness of the Crestview-Fort Walton Beach-Destin, FL region, which is important for economic development and policymaking.
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: Policymakers and economic development organizations use this trend to assess the innovative potential and technological competitiveness of the Crestview-Fort Walton Beach-Destin, FL region, which can inform strategies for supporting business growth and attracting investment.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Patent and Trademark Office, which may result in some delay between the granting of patents and the availability of the data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Crestview-Fort Walton Beach-Destin, FL (MSA) (PATENTCBSA118880), retrieved from FRED.