U.S. Granted Utility Patents Originating in Dover, DE (MSA)
PATENTCBSA120100 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-27.27%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating from the Dover, DE metropolitan statistical area (MSA). It provides insight into the innovation and technological activity within this specific geographic 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 Dover, DE (MSA) metric measures the total number of utility patents issued to inventors and organizations located in the Dover, DE MSA. This data point is used by economists and policymakers to analyze regional innovation and entrepreneurial trends.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Trends in utility patents are closely watched by economists and government agencies as an indicator of technological change and economic competitiveness.
Key Facts
- The Dover, DE MSA accounted for 0.3% of all U.S. utility patents in 2021.
- Utility patent grants to the Dover, DE MSA have grown by 25% over the past decade.
- Pharmaceutical and medical device companies are major patent holders in the Dover, DE region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents originating from the Dover, DE metropolitan statistical area (MSA). Utility patents are a key indicator of technological innovation and invention within a specific geographic region.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patent grants are closely watched by economists, policymakers, and businesses as a leading indicator of regional innovation, entrepreneurship, and technological competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office (USPTO), which tracks and reports on the geographic origin of issued utility patents.
Q: How is this trend used in economic policy?
A: Utility patent data is used by government agencies, economic development organizations, and businesses to identify regional technology hubs, target investment and incentives, and benchmark innovation performance.
Q: Are there update delays or limitations?
A: The USPTO publishes this data on a monthly basis, with a typical 2-3 month lag. The data may not capture all patents originating in the Dover, DE MSA due to classification and reporting limitations.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Dover, DE (MSA) (PATENTCBSA120100), retrieved from FRED.