U.S. Granted Utility Patents Originating in Trenton-Ewing, NJ (MSA)
This dataset tracks u.s. granted utility patents originating in trenton-ewing, nj (msa) over time.
Latest Value
542.00
Year-over-Year Change
72.06%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating from the Trenton-Ewing, NJ metropolitan statistical area (MSA). Utility patents reflect technological innovation and are an important indicator of regional economic competitiveness.
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 Trenton-Ewing, NJ (MSA) measures the volume of new inventions and technological advancements emerging from this geographic region. Utility patents are a key metric used by economists and policymakers to assess a region's innovative capacity and potential for economic growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric provides insights into the innovation ecosystem and technology commercialization activities in the Trenton-Ewing, NJ metropolitan area.
Key Facts
- Trenton-Ewing, NJ ranks among the top U.S. metropolitan areas for utility patents per capita.
- The Trenton-Ewing region has a long history of technological innovation, particularly in the pharmaceutical and life sciences sectors.
- Utility patent trends in Trenton-Ewing are closely watched by policymakers and economic development organizations.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted to inventors originating from the Trenton-Ewing, NJ metropolitan statistical area (MSA). Utility patents are a key indicator of technological innovation and invention.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides insights into the innovative capacity and economic competitiveness of the Trenton-Ewing region. This metric is closely monitored by policymakers, economic development organizations, and analysts to assess the area's technology-driven 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: Utility patent trends in Trenton-Ewing are used by policymakers and economic development agencies to inform strategies for fostering innovation, commercializing new technologies, and attracting high-skilled talent to the region.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the granting of patents and their inclusion in the reported data. Additionally, the metric only captures utility patents and does not reflect other forms of intellectual property protection.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Trenton-Ewing, NJ (MSA) (PATENTCBSA145940), retrieved from FRED.