U.S. Granted Utility Patents Originating in Metropolitan Statistical Areas in the United States
PATENTCBSAMSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135,192.00
Year-over-Year Change
62.40%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors residing in U.S. metropolitan statistical areas (MSAs). It provides insights into regional innovation and technological development.
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 Metropolitan Statistical Areas in the United States metric tracks patent grants to inventors based on their geographic location. It offers a view into the spatial distribution of innovative activity across the country, which is a key indicator of economic competitiveness and technological progress.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by policymakers, economists, and businesses to assess regional innovation capacity and identify geographic hubs of technological development.
Key Facts
- The U.S. issued over 300,000 utility patents in 2021.
- California MSAs accounted for over 50% of U.S. utility patents in 2021.
- The New York-Newark-Jersey City MSA was the second-largest source of U.S. utility patents in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in U.S. metropolitan statistical areas (MSAs). It provides insights into regional innovation and technological development.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Metropolitan Statistical Areas metric is a key indicator of economic competitiveness and technological progress across different regions of the country. It helps policymakers, economists, and businesses assess innovation capacity and identify geographic hubs of technological development.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess regional innovation capacity and identify geographic hubs of technological development, which informs economic and technology policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a timely view of regional patent activity in the United States.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Metropolitan Statistical Areas in the United States (PATENTCBSAMSA), retrieved from FRED.