U.S. Granted Utility Patents Originating in Pocatello, ID (MSA)
PATENTCBSA138540 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-63.64%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Pocatello, ID metropolitan statistical area (MSA). It provides insights 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
The U.S. Granted Utility Patents Originating in Pocatello, ID (MSA) metric tracks the volume of new inventions and innovations coming from this specific geographic region. It is used by economists and policymakers to assess the local entrepreneurial ecosystem and scientific research activity.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in regional patent activity can inform economic development strategies and public investments.
Key Facts
- Pocatello, ID ranked 218th among U.S. metro areas for utility patents in 2021.
- The Pocatello MSA averaged 16 utility patents per year from 2015-2021.
- Patents are a key indicator of scientific and technological advancement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Pocatello, ID metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Trends in regional patent activity provide insights into the local entrepreneurial ecosystem and innovation capacity, which can inform economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this metric to assess regional innovation and target investments to support research, entrepreneurship, and technological advancement.
Q: Are there update delays or limitations?
A: The data may have a several-month delay in reporting due to patent application and granting processes.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pocatello, ID (MSA) (PATENTCBSA138540), retrieved from FRED.