U.S. Granted Utility Patents Originating in Omaha-Council Bluffs, NE-IA (MSA)
This dataset tracks u.s. granted utility patents originating in omaha-council bluffs, ne-ia (msa) over time.
Latest Value
178.00
Year-over-Year Change
91.40%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Omaha-Council Bluffs, NE-IA metropolitan statistical area (MSA). It provides insight 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 a type of patent granted for new and useful inventions, processes, or improvements. Tracking the number of utility patents originating in a specific region can indicate the level of innovation and technological activity in that area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported by the Federal Reserve Economic Data (FRED) database.
Historical Context
Policymakers and economic analysts use this trend to assess the innovation and competitiveness of the Omaha-Council Bluffs MSA.
Key Facts
- The Omaha-Council Bluffs MSA is home to several major technology and engineering companies.
- Utility patent grants can drive economic growth and attract investment to a region.
- Patent data is a leading indicator of technological change and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the Omaha-Council Bluffs, NE-IA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patent grants in a specific region provides insights into the level of innovation and technological development in that area, which is important for understanding economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported by the Federal Reserve Economic Data (FRED) database.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess the innovation and competitiveness of the Omaha-Council Bluffs MSA, which can inform decisions about economic development, investment, and workforce policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be delays in reflecting the most recent patent activity in the Omaha-Council Bluffs region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Omaha-Council Bluffs, NE-IA (MSA) (PATENTCBSA136540), retrieved from FRED.