U.S. Granted Utility Patents Originating in Miami-Fort Lauderdale-Pompano Beach, FL (MSA)
PATENTCBSA133100 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,338.00
Year-over-Year Change
62.18%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors originating from the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan statistical area (MSA). It serves as an indicator of innovation and technological progress in the region.
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
The U.S. Granted Utility Patents Originating in Miami-Fort Lauderdale-Pompano Beach, FL (MSA) is a metric that tracks the total number of utility patents issued to inventors from this specific geographic area. Utility patents protect new and useful inventions, and the volume of patents granted is often used to gauge the innovative capacity and technological dynamism of a region.
Methodology
The data is collected and compiled by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovation landscape and guide strategies to foster a thriving technology ecosystem.
Key Facts
- Miami-Fort Lauderdale-Pompano Beach MSA is a leading technology hub in Florida.
- Utility patents represent new and useful inventions.
- Patent volume reflects the region's capacity for innovation and technological progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The volume of utility patents granted is a key indicator of the innovative capacity and technological dynamism of a region, making this trend relevant for policymakers, economic development organizations, and analysts assessing the innovation landscape.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovation landscape and guide strategies to foster a thriving technology ecosystem in the Miami-Fort Lauderdale-Pompano Beach region.
Q: Are there update delays or limitations?
A: The data is subject to potential delays in reporting and may not capture all patent activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Miami-Fort Lauderdale-Pompano Beach, FL (MSA) (PATENTCBSA133100), retrieved from FRED.