U.S. Granted Utility Patents Originating in Evansville, IN-KY (MSA)
PATENTCBSA121780 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.00
Year-over-Year Change
168.18%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating in the Evansville, IN-KY metropolitan statistical area (MSA). It serves as an indicator of innovation and technological activity in this regional economy.
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 Evansville, IN-KY (MSA) metric measures the total count of utility patents issued to inventors residing within the Evansville, IN-KY MSA. Utility patents protect new and useful inventions, representing commercial and technological advances in the region.
Methodology
The data is collected by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by policymakers and analysts to assess regional innovation and economic competitiveness.
Key Facts
- Evansville, IN-KY MSA is home to major manufacturing and logistics industries.
- Utility patents account for the majority of total patents issued in the U.S.
- Patenting activity is a leading indicator of technological and commercial progress.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted to inventors residing in the Evansville, IN-KY metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Patenting activity is a key indicator of innovation and technological progress within a regional economy, making this metric useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess regional innovation and economic competitiveness.
Q: Are there update delays or limitations?
A: The data may have update delays due to the administrative processing of patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Evansville, IN-KY (MSA) (PATENTCBSA121780), retrieved from FRED.