U.S. Granted Utility Patents Originating in Rome, GA (MSA)
PATENTCBSA140660 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Rome, GA metropolitan statistical area (MSA). Utility patents are a key indicator of innovative activity and technological progress within a specific 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. The number of utility patents originating in a given MSA provides insights into the innovative capacity and intellectual property development within that local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Utility patent trends are closely monitored by policymakers, economic development agencies, and businesses to identify regional centers of innovation.
Key Facts
- Rome, GA MSA had 36 utility patents granted in 2021.
- Patent activity has grown by 25% in the Rome MSA over the past 5 years.
- The Rome MSA accounts for 0.1% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Rome, GA metropolitan statistical area. Utility patents are a key indicator of innovative activity and technological progress within a specific regional economy.
Q: Why is this trend relevant for users or analysts?
A: Utility patent trends provide valuable insights into the innovative capacity and intellectual property development of a local economy. This information is closely monitored by policymakers, economic development agencies, and businesses to identify regional centers of innovation.
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: Utility patent trends are used by policymakers, economic development agencies, and businesses to assess a region's innovative activity and competitiveness. This information informs decisions around infrastructure investment, talent attraction, and fostering an environment conducive to technological progress.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of utility patent data, as the full process from invention to patent grant can take several years. Additionally, the data only reflects patents originating in the Rome, GA MSA and does not capture innovative activity outside of the formal patenting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Rome, GA (MSA) (PATENTCBSA140660), retrieved from FRED.