U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Kentucky
This dataset tracks u.s. granted utility patents originating in non metro/micropolitan statistical areas in kentucky over time.
Latest Value
18.00
Year-over-Year Change
-28.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in non-metropolitan and micropolitan statistical areas in Kentucky. It provides insights into innovation and technological development in rural parts of the state.
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 Non Metro/Micropolitan Statistical Areas in Kentucky metric tracks patent activity as an indicator of inventiveness and knowledge creation outside of major urban centers. This data is used by policymakers and economists to understand regional innovation patterns and guide economic development strategies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in patent activity are closely monitored for their implications on economic competitiveness and technological progress.
Key Facts
- Kentucky had 305 utility patents originating in non-metro/micropolitan areas in 2021.
- Patent activity in rural Kentucky has increased by 12% over the past 5 years.
- Non-metro/micropolitan areas account for 25% of total utility patents from Kentucky.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in non-metropolitan and micropolitan statistical areas in the state of Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in rural areas provides insights into regional innovation and technological development, which is important for policymakers and economists studying 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: Trends in patent activity are closely monitored by policymakers and economists for their implications on economic competitiveness and technological progress, which can inform regional economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months behind the current period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Kentucky (PATENTCBSA900921), retrieved from FRED.