U.S. Granted Utility Patents Originating in Scott County, AR
PATENTCOUNTY05127 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Scott County, AR' metric tracks the total number of utility patents granted annually to inventors located in Scott County, Arkansas. This provides insight into local innovation and technological progress.
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 represent inventions, new processes, or improvements on existing technologies. Tracking patent grants in specific geographic areas can indicate regional economic and industrial activity. The Scott County, AR data is part of a broader database of U.S. patent grants by county.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) portal.
Historical Context
Policymakers and economic analysts use this metric to assess local innovation trends and benchmark Scott County against other regions.
Key Facts
- Scott County, AR had 13 utility patents granted in 2021.
- Patents peaked in Scott County at 25 in 2015.
- The county's patent activity represents around 0.05% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Scott County, AR' metric tracks the total number of utility patents granted annually to inventors located in Scott County, Arkansas.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants in specific geographic areas can indicate regional economic and industrial activity, providing insight into local innovation and technological progress.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) portal.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to assess local innovation trends and benchmark Scott County against other regions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Scott County, AR (PATENTCOUNTY05127), retrieved from FRED.