U.S. Granted Utility Patents Originating in Salem, OR (MSA)
PATENTCBSA141420 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
-2.70%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Salem, Oregon metropolitan area. It provides insights into the region's 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 Salem, OR (MSA) trend measures the volume of new utility patents granted by the U.S. Patent and Trademark Office that are attributed to inventors residing in the Salem, Oregon metropolitan statistical area. This metric is a key indicator of technological innovation and entrepreneurship within the region.
Methodology
The data is collected and compiled by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists, policymakers, and regional development agencies to assess the innovative capacity and competitiveness of the Salem, OR metropolitan area.
Key Facts
- The trend reached a record high in 2020.
- Patent activity in Salem, OR has grown faster than the national average over the past decade.
- The region's strong patent performance is linked to its concentration of technology companies and research institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors residing in the Salem, Oregon metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Salem, OR (MSA) trend provides insights into the region's innovative capacity and competitiveness, which are key drivers of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Patent and Trademark Office based on the residential location of patent inventors.
Q: How is this trend used in economic policy?
A: Policymakers and regional development agencies use this trend to assess the innovative performance of the Salem, OR metropolitan area and inform strategies to support entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent patent activity in the region.
Similar PATENTCBSA Trends
U.S. Granted Patents: Utility Patents Originating in Virginia
PATENTUSVAUTILITY
U.S. Granted Utility Patents Originating in Clarksville, TN-KY (MSA)
PATENTCBSA117300
U.S. Granted Patents: Design Patents Originating in Tanzania
PATENT4NTZDESIGN
U.S. Granted Utility Patents Originating in Grady County, GA
PATENTCOUNTY13131
U.S. Granted Patents: Utility Patents Originating in Rhode Island
PATENTUSRIUTILITY
U.S. Granted Patents: Utility Patents Originating in Oregon
PATENTUSORUTILITY
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Salem, OR (MSA) (PATENTCBSA141420), retrieved from FRED.