U.S. Granted Utility Patents Originating in Panama City-Lynn Haven-Panama City Beach, FL (MSA)
PATENTCBSA137460 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
-39.29%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Panama City-Lynn Haven-Panama City Beach, FL metropolitan statistical area (MSA). It provides insights into the innovative activity and technological development in this 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, processes, or improvements. Tracking patent grants at the MSA level can indicate the relative innovation output and technological competitiveness of different regional economies.
Methodology
The data is collected from administrative records of the U.S. Patent and Trademark Office.
Historical Context
Utility patent grants are closely monitored by policymakers and analysts to assess regional economic competitiveness and guide investment decisions.
Key Facts
- The Panama City-Lynn Haven-Panama City Beach, FL MSA had 58 utility patents granted in 2022.
- Utility patent grants in this MSA have increased by 20% over the past 5 years.
- The top technology fields for patents from this region are mechanical engineering and computer science.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Panama City-Lynn Haven-Panama City Beach, FL metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patent grants at the regional level provides insights into the innovative capacity and technological competitiveness of different metropolitan areas, which is valuable information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected from administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Utility patent grants are closely monitored by policymakers and analysts to assess regional economic competitiveness and guide investment decisions aimed at promoting innovation and technological development.
Q: Are there update delays or limitations?
A: There may be some delay in the reporting of patent grant data, as it takes time for the U.S. Patent and Trademark Office to process and record new patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Panama City-Lynn Haven-Panama City Beach, FL (MSA) (PATENTCBSA137460), retrieved from FRED.