U.S. Granted Utility Patents Originating in Providence-New Bedford-Fall River, RI-MA (MSA)
PATENTCBSA139300 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496.00
Year-over-Year Change
24.94%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Providence-New Bedford-Fall River, RI-MA 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 Providence-New Bedford-Fall River, RI-MA (MSA) trend tracks the number of utility patents issued to inventors located within this specific geographic region. Utility patents protect new and useful inventions, making this metric a valuable indicator of local innovation and technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO) and reflects the geographic origin of patent applicants.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze regional innovation and competitiveness.
Key Facts
- Utility patents protect new and useful inventions.
- The Providence-New Bedford-Fall River, RI-MA MSA is a major hub for technological innovation.
- Patent counts are a leading indicator of regional economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Providence-New Bedford-Fall River, RI-MA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional innovation and technological development, which are important factors for economic growth, competitiveness, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO) and reflects the geographic origin of patent applicants.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this trend to analyze regional innovation and competitiveness, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential lags of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Providence-New Bedford-Fall River, RI-MA (MSA) (PATENTCBSA139300), retrieved from FRED.