U.S. Granted Utility Patents Originating in Tucson, AZ (MSA)
PATENTCBSA146060 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
641.00
Year-over-Year Change
109.48%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating from the Tucson, Arizona metropolitan statistical area (MSA). Utility patents are a key indicator of innovation and technological advancement in a regional economy.
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 Tucson, AZ (MSA) series measures the volume of successful patent applications from inventors based in the Tucson metropolitan area. This data is used to assess the region's innovation capacity and competitiveness in technology-driven industries.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Policymakers and economic development agencies monitor this metric to benchmark Tucson's innovation ecosystem against peer regions.
Key Facts
- Tucson, AZ had 336 utility patents granted in 2020.
- Patents in the Tucson MSA grew by 5.3% annually from 2015-2020.
- Tucson ranks 49th among U.S. metro areas for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Tucson, Arizona metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The volume of utility patents is a key indicator of regional innovation and technological competitiveness, making this data relevant for economic development, policy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark Tucson's innovation ecosystem and guide strategies to foster technology-driven growth.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this patent data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tucson, AZ (MSA) (PATENTCBSA146060), retrieved from FRED.