U.S. Granted Utility Patents Originating in Salt Lake City, UT (MSA)
PATENTCBSA141620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
643.00
Year-over-Year Change
87.46%
Date Range
1/1/2000 - 1/1/2015
Summary
This metric tracks the number of utility patents granted for inventions originating in the Salt Lake City, UT metropolitan statistical area (MSA). It provides insight 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
Utility patents are a key indicator of technological innovation and economic competitiveness. The Salt Lake City MSA data point represents patents granted for new and useful inventions developed within that geographic region.
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 business analysts to evaluate the innovation ecosystem and technological capabilities of the Salt Lake City metropolitan area.
Key Facts
- Salt Lake City ranks among the top U.S. metropolitan areas for utility patents granted.
- The number of patents originating in Salt Lake City has grown significantly over the past decade.
- Utility patents are a leading indicator of an area's technological and scientific capabilities.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted for inventions originating in the Salt Lake City, UT metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of technological innovation and economic competitiveness, making this data point valuable for evaluating the innovation ecosystem of the Salt Lake City region.
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 business analysts to assess the innovation capabilities and technological development of the Salt Lake City metropolitan area.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Salt Lake City, UT (MSA) (PATENTCBSA141620), retrieved from FRED.