U.S. Granted Utility Patents Originating in Washington-Arlington-Alexandria, DC-VA-MD-WV (MSA)
PATENTCBSA147900 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,310.00
Year-over-Year Change
84.50%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors located in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan statistical area (MSA). It provides insights into regional innovation and technological progress.
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 metric tracks the number of new utility patents awarded to individuals and organizations within a given MSA. Utility patents protect inventions and are a key indicator of innovative activity and technological development in a 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 businesses to assess the innovative capacity and competitiveness of regional economies.
Key Facts
- The Washington-Arlington-Alexandria MSA is a major hub for technology and innovation.
- Utility patents are a key measure of inventive activity and commercialization.
- Regional patent data provides insights into the drivers of economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is a key indicator of innovative activity and technological development, which are important drivers of economic competitiveness and growth.
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: Policymakers, economists, and businesses use this metric to assess the innovative capacity and competitiveness of the Washington-Arlington-Alexandria regional economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and publication timeline of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Washington-Arlington-Alexandria, DC-VA-MD-WV (MSA) (PATENTCBSA147900), retrieved from FRED.