U.S. Granted Utility Patents Originating in Ogden-Clearfield, UT (MSA)
PATENTCBSA136260 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.00
Year-over-Year Change
93.14%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors and businesses originating in the Ogden-Clearfield, UT 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 granted for new and useful inventions, processes, machines, and compositions of matter. The Ogden-Clearfield MSA patent data offers a proxy for technological activity and entrepreneurship in this regional economy.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Patent activity is a key indicator tracked by economists, policymakers, and regional development authorities.
Key Facts
- Utility patents protect new inventions and technological advances.
- The Ogden-Clearfield MSA is a hub for aerospace, software, and advanced manufacturing industries.
- Patent data helps identify regional strengths and emerging technology clusters.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and businesses based in the Ogden-Clearfield, UT metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of technological innovation, entrepreneurship, and regional economic development. The Ogden-Clearfield MSA patent data provides insights into the area's strengths in advanced industries.
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 regional development authorities track patent data to identify technology hubs, target investment, and support entrepreneurship and innovation.
Q: Are there update delays or limitations?
A: The patent data is published with a slight delay, as it takes time to process and assign granted patents to specific geographic regions.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Ogden-Clearfield, UT (MSA) (PATENTCBSA136260), retrieved from FRED.