U.S. Granted Utility Patents Originating in El Centro, CA (MSA)
PATENTCBSA120940 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-25.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in El Centro, CA (MSA)' tracks the number of utility patents granted to inventors located in the El Centro, California metropolitan statistical area (MSA). This measure provides insight into 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
Utility patents are a key indicator of inventive activity and technological progress within a geographic region. The El Centro, CA MSA granted utility patent data tracks new innovations originating from this specific metropolitan area, offering a window into its economic and scientific capacity.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) portal.
Historical Context
Policymakers and economic analysts use this metric to assess a region's competitiveness and ability to foster innovation-driven growth.
Key Facts
- El Centro, CA MSA accounted for 0.02% of total U.S. utility patents in 2022.
- Utility patent grants in the region peaked at 57 in 2015.
- Patents originating in El Centro, CA have grown at an average annual rate of 2.1% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in El Centro, CA (MSA)' metric tracks the number of utility patents granted to inventors located in the El Centro, California metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological progress within a geographic region. This data offers insights into the El Centro MSA's economic and scientific capacity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) portal.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to assess a region's competitiveness and ability to foster innovation-driven growth.
Q: Are there update delays or limitations?
A: The data is reported with a lag, and may not capture the most recent innovation activity in the El Centro, CA MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in El Centro, CA (MSA) (PATENTCBSA120940), retrieved from FRED.