U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Virginia
PATENTCBSA900951 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.00
Year-over-Year Change
39.39%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors in non-metropolitan and micropolitan statistical areas of Virginia. It provides insights into the geographic distribution of innovative activity across 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 Virginia metric tracks the patents issued to inventors located outside of major urban centers in the state. This data offers a view into the patterns of technological innovation and entrepreneurship in more rural parts of Virginia.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by policymakers and researchers to understand the geographic spread of innovation and economic development.
Key Facts
- Virginia ranked 10th among U.S. states for utility patents in 2021.
- In 2021, 37% of Virginia's utility patents originated outside of major metro areas.
- Rural patent activity has grown by 20% in Virginia 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 within the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographic distribution of innovative activity and entrepreneurship across Virginia, which is valuable for policymakers, economic development planners, and researchers.
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: This trend is used by policymakers and researchers to understand patterns of innovation and economic development across different regions within a state.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few 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 Virginia (PATENTCBSA900951), retrieved from FRED.