U.S. Granted Utility Patents Originating in Las Vegas-Paradise, NV (MSA)
PATENTCBSA129820 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
418.00
Year-over-Year Change
130.94%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating from the Las Vegas-Paradise, NV 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 represent new, useful, and non-obvious inventions. Tracking patent activity in a given region can indicate the level of entrepreneurship, research and development, and technological progress within that area's economy.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists, policymakers, and businesses to evaluate the innovation capacity and competitiveness of the Las Vegas-Paradise, NV MSA.
Key Facts
- Las Vegas-Paradise, NV MSA accounts for approximately 1% of total U.S. utility patents.
- Patent activity in the region has grown by 20% over the past decade.
- The top technology sectors for Las Vegas-Paradise patents are computer hardware and software.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Las Vegas-Paradise, NV metropolitan statistical area (MSA). Utility patents represent new, useful, and non-obvious inventions.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a given region can provide insights into the level of entrepreneurship, research and development, and technological progress within that area's economy.
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: This trend is used by economists, policymakers, and businesses to evaluate the innovation capacity and competitiveness of the Las Vegas-Paradise, NV MSA.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the region's patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Las Vegas-Paradise, NV (MSA) (PATENTCBSA129820), retrieved from FRED.