U.S. Granted Utility Patents Originating in Micropolitan Statistical Areas in the United States
PATENTCBSAMICROSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,200.00
Year-over-Year Change
24.15%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors residing in micropolitan statistical areas in the United States. It provides insights into innovation and technological development in smaller 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
The U.S. Granted Utility Patents Originating in Micropolitan Statistical Areas in the United States series tracks the number of utility patents issued to inventors located in micropolitan statistical areas, which are defined as urban areas with a population between 10,000 and 50,000. This metric is used to analyze patterns of innovation and technological progress outside of major metropolitan areas.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to understand regional innovation dynamics and guide economic development strategies.
Key Facts
- Patents are a key indicator of technological progress.
- Micropolitan areas account for a significant share of U.S. patents.
- Tracking patents by location helps identify regional innovation hubs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in micropolitan statistical areas in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into patterns of innovation and technological development occurring outside of major metropolitan areas, which is valuable for understanding regional economic dynamics.
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 U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to guide regional economic development strategies and understand innovation activity in smaller urban centers.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patents issued in a given period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Micropolitan Statistical Areas in the United States (PATENTCBSAMICROSA), retrieved from FRED.