U.S. Granted Utility Patents Originating in Nashville-Davidson--Murfreesboro--Franklin, TN (MSA)
PATENTCBSA134980 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.00
Year-over-Year Change
38.36%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors originating in the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan statistical area (MSA). 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 type of patent granted for new and useful inventions. This data series tracks the number of utility patents granted to inventors located within the Nashville-Davidson--Murfreesboro--Franklin, TN MSA, offering a measure of local innovation and technological activity.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by policymakers, urban planners, and economists to assess regional innovation and competitiveness.
Key Facts
- Patents granted in the Nashville MSA reached a high of 1,050 in 2021.
- The Nashville MSA accounts for approximately 1.2% of all U.S. utility patents.
- Patent activity in the region has grown by over 50% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating in the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional innovation and technological development, which are important factors for economic growth and competitiveness.
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: This trend is used by policymakers, urban planners, and economists to assess regional innovation and competitiveness.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Patent and Trademark Office, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Nashville-Davidson--Murfreesboro--Franklin, TN (MSA) (PATENTCBSA134980), retrieved from FRED.