U.S. Granted Utility Patents Originating in Green Bay, WI (MSA)
PATENTCBSA124580 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
20.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating from the Green Bay, WI metropolitan statistical area (MSA). It serves as an indicator of local innovation and technological progress.
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, useful, and non-obvious inventions. This series measures the volume of utility patents originating from the Green Bay, WI MSA, providing insight into the region's innovative capacity and economic dynamism.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic analysts use this metric to evaluate regional competitiveness and guide economic development strategies.
Key Facts
- Green Bay, WI is a major manufacturing hub in the Midwest.
- The region has a strong history of technological innovation.
- Patents are a key driver of economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Green Bay, WI metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and technological progress of the Green Bay region, which is valuable for evaluating economic competitiveness and guiding development strategies.
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 economic analysts use this metric to assess regional innovation and guide economic development initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Patent and Trademark Office, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Green Bay, WI (MSA) (PATENTCBSA124580), retrieved from FRED.