U.S. Granted Utility Patents Originating in Little Rock-North Little Rock-Conway, AR (MSA)
PATENTCBSA130780 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
64.86%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors residing in the Little Rock-North Little Rock-Conway, AR metropolitan statistical area. It provides insights into regional 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 indicator of innovation and technological progress. This metric tracks the number of utility patents granted to inventors based in the Little Rock-North Little Rock-Conway, AR metro area, offering insights into the region's contribution to U.S. innovation.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and economic analysts use this metric to assess the innovative capacity and competitiveness of the Little Rock region.
Key Facts
- The Little Rock-North Little Rock-Conway, AR metro area accounts for approximately 0.2% of total U.S. utility patents.
- Utility patent grants in the region have increased by 50% over the past decade.
- The top technology fields for Little Rock-based inventors are biotechnology, computer hardware, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in the Little Rock-North Little Rock-Conway, AR metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological progress, so this metric provides insights into the regional innovation capacity and competitiveness of the Little Rock area.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to assess the innovative capacity and competitiveness of the Little Rock region, which can inform economic development strategies and investments.
Q: Are there update delays or limitations?
A: There may be a several month delay in the publication of this data due to the time required for patent applications to be processed and granted.
Related Trends
U.S. Granted Utility Patents Originating in Norman County, MN
PATENTCOUNTY27107
U.S. Granted Patents: Plant Patents Originating in All U.S. and Foreign Regions
PATENTALLALLPLANT
U.S. Granted Patents: Utility Patents Originating in Maryland
PATENTUSMDUTILITY
U.S. Granted Utility Patents Originating in Manassas City, VA
PATENTCOUNTY51683
U.S. Granted Patents: Total Patents Originating in Cuba
PATENT4NCUTOTAL
U.S. Granted Utility Patents Originating in Medina County, TX
PATENTCOUNTY48325
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Little Rock-North Little Rock-Conway, AR (MSA) (PATENTCBSA130780), retrieved from FRED.