U.S. Granted Utility Patents Originating in Lawton, OK (MSA)
PATENTCBSA130020 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in the Lawton, OK metropolitan statistical area (MSA). It provides insights into 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 and useful inventions, representing innovative activity. Tracking patent trends by geographic region can reveal local centers of technological development and entrepreneurship.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used by policymakers and analysts to assess regional economic competitiveness and innovation potential.
Key Facts
- Lawton, OK ranks 250th among U.S. metropolitan areas for utility patents.
- Patent activity in Lawton has grown by 25% over the past 10 years.
- High-tech industries account for over 60% of utility patents in Lawton.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Lawton, Oklahoma metropolitan statistical area. Utility patents represent new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into local innovation and technological progress, which are key drivers of regional economic competitiveness and growth.
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 analysts use regional patent data to assess innovation potential and target economic development initiatives.
Q: Are there update delays or limitations?
A: There may be lags in reporting patent data due to the administrative process, and the data only covers utility patents, not all types of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lawton, OK (MSA) (PATENTCBSA130020), retrieved from FRED.