U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Iowa
PATENTCBSA900919 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.00
Year-over-Year Change
26.83%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors located in non-metropolitan and micropolitan statistical areas of Iowa. It provides insights into regional innovation and economic development outside major urban centers.
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 technological inventions and innovations. Tracking their origin by geographic area can reveal patterns of economic activity and reveal where new ideas are emerging across the United States.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported by the Federal Reserve Economic Data (FRED) database.
Historical Context
Policymakers and economic analysts use this metric to assess the geographic distribution of innovative activity within a state.
Key Facts
- Iowa ranked 20th among U.S. states for total utility patents in 2021.
- Over 25% of Iowa's utility patents originated from non-metro/micro areas in 2021.
- Innovative activity in Iowa's smaller regions has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in non-metropolitan and micropolitan statistical areas of Iowa. It provides insights into regional innovation and economic development outside major urban centers.
Q: Why is this trend relevant for users or analysts?
A: Tracking the geographic origin of utility patents reveals patterns of innovative activity across a state, which is important for understanding economic development and growth opportunities in non-urban regions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported by the Federal Reserve Economic Data (FRED) database.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to assess the geographic distribution of innovative activity within a state, which can inform targeted programs and initiatives to support economic development in non-metropolitan areas.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to historical data as the USPTO processes additional patent applications.
Related Trends
U.S. Granted Patents: Total Patents Originating in Croatia
PATENT4NHRTOTAL
U.S. Granted Patents: Total Patents Originating in Slovenia
PATENT4NSITOTAL
U.S. Granted Utility Patents Originating in an Undetermined County in Virginia
PATENTCOUNTY51000
U.S. Granted Utility Patents Originating in Collingsworth County, TX
PATENTCOUNTY48087
U.S. Granted Patents: Utility Patents Originating in Serbia
PATENT4NRSUTILITY
U.S. Granted Utility Patents Originating in Harris County, TX
PATENTCOUNTY48201
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Iowa (PATENTCBSA900919), retrieved from FRED.