U.S. Granted Utility Patents Originating in Midland, TX (MSA)
PATENTCBSA133260 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
312.50%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in the Midland, 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 indicator of technological innovation and invention. This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in the Midland, TX MSA, offering insights into the region's economic and technological competitiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this metric to assess the innovation ecosystem and growth potential of regional economies.
Key Facts
- Midland, TX is a major center for energy, aerospace, and technology industries.
- Utility patents reflect successful inventions and commercialization of new technologies.
- Patent trends can indicate the relative competitiveness of regional innovation hubs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in the Midland, TX metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patent trends provide insights into the innovation and technological development of a regional economy, which is crucial for assessing its competitiveness and growth potential.
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: Policymakers and economists use this metric to evaluate the innovation ecosystem and growth prospects of the Midland, TX metropolitan area.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential delays of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Midland, TX (MSA) (PATENTCBSA133260), retrieved from FRED.