U.S. Granted Utility Patents Originating in Oklahoma City, OK (MSA)
PATENTCBSA136420 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.00
Year-over-Year Change
6.16%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted to inventors originating in the Oklahoma City, OK metropolitan statistical area (MSA). It serves as a measure of innovation and technological progress in the region.
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. The number of utility patents originating in a given geographic area reflects the level of innovative activity and intellectual property creation in that location.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess a region's competitiveness and attractiveness for high-tech industries.
Key Facts
- Oklahoma City metro area had 305 utility patents granted in 2021.
- Patents originating in Oklahoma City have grown by 42% over the past decade.
- The top patenting industries in the region include energy, aerospace, and healthcare.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted to inventors originating in the Oklahoma City, OK metropolitan area. Utility patents are a type of patent granted for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a region reflects the level of innovative activity and intellectual property creation, which is an important measure of a region's economic competitiveness and potential for high-tech growth.
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 economic development organizations use this metric to assess a region's competitiveness and attractiveness for high-tech industries, informing decisions around infrastructure, talent attraction, and support for innovation.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Oklahoma City, OK (MSA) (PATENTCBSA136420), retrieved from FRED.