U.S. Granted Utility Patents Originating in Sacramento--Arden-Arcade--Roseville, CA (MSA)
PATENTCBSA140900 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
659.00
Year-over-Year Change
29.47%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Sacramento--Arden-Arcade--Roseville, CA metropolitan statistical area (MSA). It serves as a measure of technological innovation and entrepreneurial activity in the 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. The number of utility patents originating from a specific geographic area provides insight into the level of innovation and commercialization of new technologies within that region's economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economists, and businesses to assess the innovation capacity and competitiveness of regional economies.
Key Facts
- Sacramento--Arden-Arcade--Roseville, CA MSA accounted for 1,074 utility patents in 2021.
- Utility patents in the region have grown at an average annual rate of 4.2% over the past decade.
- The Sacramento MSA ranks 25th among U.S. metro areas for total utility patents granted.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Sacramento--Arden-Arcade--Roseville, CA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific geographic area provides insight into the level of innovation and commercialization of new technologies within that region's economy, which is important for assessing economic competitiveness and growth potential.
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: This metric is used by policymakers, economists, and businesses to assess the innovation capacity and competitiveness of regional economies, which can inform economic development strategies and investments.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sacramento--Arden-Arcade--Roseville, CA (MSA) (PATENTCBSA140900), retrieved from FRED.