U.S. Granted Utility Patents Originating in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (MSA)
PATENTCBSA137980 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,357.00
Year-over-Year Change
21.87%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted that originate in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan statistical area (MSA). It provides insight into regional 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. Tracking patent grants by geographic origin can reveal regional innovation hubs and inform policymakers and investors about economic competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan statistical area.
Historical Context
This trend is used to assess the innovation capacity and competitiveness of regional economies.
Key Facts
- Philadelphia-Camden-Wilmington MSA is a major hub for patent activity.
- Utility patents represent new and useful inventions.
- Patent data provides insights into regional economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted that originate in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants by region provides insight into local innovation and technological development, which are key indicators of economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this data to assess the innovation capacity and competitiveness of regional economies.
Q: Are there update delays or limitations?
A: The data may have a several month delay due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (MSA) (PATENTCBSA137980), retrieved from FRED.