U.S. Granted Utility Patents Originating in New Orleans-Metairie-Kenner, LA (MSA)
PATENTCBSA135380 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.00
Year-over-Year Change
11.67%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating from the New Orleans-Metairie-Kenner, LA metropolitan area. It provides insights into the region's innovative capacity 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
The U.S. Granted Utility Patents metric tracks the patents granted to inventors and organizations located within the New Orleans-Metairie-Kenner, LA metropolitan statistical area. This data is used by policymakers, economists, and businesses to assess the region's technological competitiveness and innovation ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated at the metropolitan statistical area level.
Historical Context
Tracking patent activity is crucial for understanding a region's economic and technological progress.
Key Facts
- New Orleans-Metairie-Kenner, LA ranked 42nd among U.S. metro areas for utility patents in 2021.
- Utility patents represent new, useful, and non-obvious inventions.
- Patents are a key indicator of a region's technological competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and organizations located within the New Orleans-Metairie-Kenner, LA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity is crucial for understanding a region's economic and technological progress, as patents are a key indicator of innovation and technological competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated at the metropolitan statistical area level.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this data to assess the New Orleans-Metairie-Kenner region's innovative capacity and technological development, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Patent and Trademark Office's reporting.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in New Orleans-Metairie-Kenner, LA (MSA) (PATENTCBSA135380), retrieved from FRED.