U.S. Granted Utility Patents Originating in Coosa County, AL
PATENTCOUNTY01037 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Coosa County, AL' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Coosa County, Alabama. This provides insight into the region's innovative activity and technology 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
Utility patents are a key indicator of technological progress and innovation. Tracking patent grants by county helps identify regional centers of invention and entrepreneurship, which is valuable for policymakers, economic development agencies, and analysts studying the geographic distribution of innovation.
Methodology
The data is compiled by the U.S. Patent and Trademark Office from administrative records of patent applications and grants.
Historical Context
Patent activity is closely monitored as a leading indicator of future economic growth and competitiveness.
Key Facts
- Coosa County, AL is home to 24,400 residents.
- Patents peaked in Coosa County in 2015 with 72 grants.
- The county's patent activity accounts for less than 0.1% of the U.S. total.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Coosa County, Alabama.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants by county provides insight into regional innovation and technological development, which is valuable for policymakers, economic development agencies, and analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office from administrative records of patent applications and grants.
Q: How is this trend used in economic policy?
A: Patent activity is closely monitored as a leading indicator of future economic growth and competitiveness, making this data useful for policymakers and economic analysts.
Q: Are there update delays or limitations?
A: The data may have a several month delay in reporting due to the administrative process of patent grants.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Coosa County, AL (PATENTCOUNTY01037), retrieved from FRED.