U.S. Granted Utility Patents Originating in Maricopa County, AZ
PATENTCOUNTY04013 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,726.00
Year-over-Year Change
43.59%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in Maricopa County, Arizona. It provides insights into the innovative activity and technological developments taking place in this major metropolitan area.
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 Maricopa County, AZ trend tracks the volume of new inventions and technologies being developed within this key economic region. It is used by policymakers, researchers, and businesses to assess the county's competitiveness and intellectual property landscape.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
This trend is closely monitored by local and state governments, as well as companies and investors, to gauge the innovation ecosystem and business environment in Maricopa County.
Key Facts
- Maricopa County is home to over 4.5 million residents, making it the 4th most populous county in the U.S.
- The county's major industries include aerospace, technology, finance, and healthcare.
- In 2021, Maricopa County accounted for over 10% of all utility patents granted in the United States.
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 originate from Maricopa County, Arizona. It provides insights into the innovative activity and technological developments taking place in this major metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, researchers, and businesses as it helps assess Maricopa County's competitiveness and intellectual property landscape, which are key indicators of the region's economic vitality and innovation ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by local and state governments, as well as companies and investors, to gauge the innovation ecosystem and business environment in Maricopa County, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, as it takes time for the U.S. Patent and Trademark Office to process and compile the patent information by geographic origin.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Maricopa County, AZ (PATENTCOUNTY04013), retrieved from FRED.