U.S. Granted Utility Patents Originating in Flagstaff, AZ (MSA)
PATENTCBSA122380 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.00
Year-over-Year Change
146.15%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Flagstaff, AZ metropolitan statistical area (MSA). It provides insight into innovation and technological development in this 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
Utility patents are a type of patent granted for new and useful inventions. This trend specifically measures patents granted to inventors located in the Flagstaff, AZ MSA, which can indicate the region's technological capabilities and R&D activity.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in utility patents are closely monitored by policymakers and economists to assess a region's innovation capacity and competitiveness.
Key Facts
- Flagstaff, AZ is home to Northern Arizona University, a major research institution.
- Patents originating in Flagstaff have grown by 15% over the past 5 years.
- The Flagstaff MSA accounts for 0.2% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in the Flagstaff, AZ metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patents can provide insights into the innovation capacity and technological development of a regional economy.
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 economists monitor patent trends to assess a region's competitiveness and guide policies supporting innovation and R&D.
Q: Are there update delays or limitations?
A: There may be lags in reporting as patents are processed, and the data only covers the Flagstaff, AZ MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Flagstaff, AZ (MSA) (PATENTCBSA122380), retrieved from FRED.