U.S. Granted Utility Patents Originating in Missoula, MT (MSA)
PATENTCBSA133540 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
26.67%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted for inventions originating in the Missoula, MT metropolitan statistical area (MSA). It provides insights into the region's innovation and technology development activity.
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 Missoula, MT (MSA) trend measures the total number of utility patents issued for innovations developed in the Missoula, MT metropolitan area. It is used by economists and policymakers to gauge the area's technological output and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric helps inform economic development strategies and innovation policies at the regional level.
Key Facts
- Missoula, MT is a hub for technology and biotechnology startups.
- Patent activity is a key indicator of an area's research and development capacity.
- The Missoula MSA has seen steady growth in utility patents over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted for inventions originating in the Missoula, MT metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents issued is a key indicator of an area's technological innovation and competitiveness, which is important for economic development.
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: This metric helps inform regional economic development strategies and policies aimed at fostering innovation and technology-driven growth.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not fully capture more recent patent activity in the Missoula MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Missoula, MT (MSA) (PATENTCBSA133540), retrieved from FRED.