U.S. Granted Utility Patents Originating in Olympia, WA (MSA)
This dataset tracks u.s. granted utility patents originating in olympia, wa (msa) over time.
Latest Value
43.00
Year-over-Year Change
53.57%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Olympia, WA (MSA)' series tracks the number of utility patents granted to inventors located within the Olympia, Washington metropolitan statistical area (MSA).
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
This data series provides insight into innovation and technological development within the Olympia, WA region. Utility patents are a key indicator of inventive activity and can help economists and policymakers understand regional competitiveness and drivers of economic growth.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by regional economic development agencies and market analysts to benchmark Olympia's innovative capacity.
Key Facts
- Patents are a legal right granted to inventors for new, useful, and non-obvious inventions.
- The Olympia, WA MSA includes Thurston County.
- Utility patents protect functional inventions, excluding designs and plant patents.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of utility patents granted to inventors located within the Olympia, Washington metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovative activity, so this metric provides insight into the technological and economic competitiveness of the Olympia region.
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: Regional economic development agencies and market analysts use this metric to benchmark Olympia's innovative capacity and identify opportunities for growth.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the most recent data, as it is dependent on the publication schedule of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Olympia, WA (MSA) (PATENTCBSA136500), retrieved from FRED.