U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Tennessee
PATENTCBSA900947 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
-41.46%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in non-metro and micropolitan statistical areas in Tennessee. It provides insight into innovation and technological development outside of 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 new, useful, and non-obvious inventions. Tracking patent activity in non-metropolitan areas can indicate the geographic distribution of innovation and entrepreneurship within a state.
Methodology
The data is collected by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists and policymakers to understand regional economic development patterns.
Key Facts
- Tennessee ranks 17th nationally for total utility patents.
- Patents from non-metro/micropolitan areas account for 20% of Tennessee's total utility patents.
- Patent activity in these areas has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from non-metropolitan and micropolitan statistical areas in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity outside of major urban centers provides insight into the geographic distribution of innovation and entrepreneurship within a state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand regional economic development patterns and the role of innovation in non-metropolitan areas.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Tennessee (PATENTCBSA900947), retrieved from FRED.