U.S. Granted Utility Patents Originating in Wichita, KS (MSA)
PATENTCBSA148620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.00
Year-over-Year Change
2.80%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Wichita, Kansas metropolitan statistical area (MSA). It provides insight into the innovative activity and technological development in this 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
Utility patents represent inventions and new technologies that have been granted legal protection. Tracking patent trends by geographic origin helps economists and policymakers understand regional innovation and entrepreneurship.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent data is used to assess the competitiveness and growth potential of local economies.
Key Facts
- Wichita is a leading U.S. center for aviation manufacturing.
- Patents help protect new technological breakthroughs.
- Patent trends indicate the economic health of a region.
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 the Wichita, Kansas metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Tracking patent trends by geographic origin provides insight into the innovative activity and technological development of regional economies, which is important for assessing economic competitiveness and 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: Patent data is used by economists and policymakers to assess the competitiveness and growth potential of local and regional economies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication timelines of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wichita, KS (MSA) (PATENTCBSA148620), retrieved from FRED.