U.S. Granted Utility Patents Originating in Houston-Sugar Land-Baytown, TX (MSA)
PATENTCBSA126420 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,186.00
Year-over-Year Change
89.87%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors and organizations originating in the Houston-Sugar Land-Baytown, TX metropolitan statistical area (MSA). It provides insights into the region's 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 metric of technological progress and innovative capacity. The Houston-Sugar Land-Baytown MSA is a major economic hub, and tracking patent grants in this region can indicate the area's competitiveness and draw insights about its technology-driven industries.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan area.
Historical Context
Policymakers and economic development organizations use this data to assess the innovation ecosystem and target support for research and entrepreneurship.
Key Facts
- Houston-Sugar Land-Baytown MSA ranked 6th nationally for utility patents in 2021.
- Patent grants in the region grew by 15% between 2016 and 2021.
- The top patenting industries include energy, aerospace, and medical technology.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and organizations originating in the Houston-Sugar Land-Baytown, TX metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants in the Houston-Sugar Land-Baytown MSA provides insights into the region's innovation capacity and technological development, which are key indicators of economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess the innovation ecosystem and target support for research and entrepreneurship in the Houston-Sugar Land-Baytown region.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data as the underlying sources are updated.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Houston-Sugar Land-Baytown, TX (MSA) (PATENTCBSA126420), retrieved from FRED.