U.S. Granted Utility Patents Originating in Durham-Chapel Hill, NC (MSA)
PATENTCBSA120500 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
607.00
Year-over-Year Change
64.50%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in the Durham-Chapel Hill, NC metropolitan statistical area. Utility patents are an important indicator of 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 Durham-Chapel Hill, NC (MSA) metric tracks the total number of utility patents issued to inventors residing in the Durham-Chapel Hill metropolitan area. Utility patents cover new and useful inventions, representing a key driver of economic growth and competitiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists monitor this trend to assess the innovative capacity and technological progress of regional economies.
Key Facts
- Durham-Chapel Hill ranked 10th among U.S. metro areas for utility patents in 2021.
- The region accounted for 2.3% of total U.S. utility patents in 2021.
- Patent activity has grown by 58% in Durham-Chapel Hill over the past decade.
FAQs
Q: What does this economic trend measure?
A: The U.S. Granted Utility Patents Originating in Durham-Chapel Hill, NC (MSA) metric tracks the total number of utility patents issued to inventors residing in the Durham-Chapel Hill metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are an important indicator of regional innovation and technological development, which are key drivers of economic growth and competitiveness.
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: Policymakers and economists monitor this trend to assess the innovative capacity and technological progress of the Durham-Chapel Hill regional economy.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically a few months after the end of each quarter.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Durham-Chapel Hill, NC (MSA) (PATENTCBSA120500), retrieved from FRED.