U.S. Granted Utility Patents Originating in Inyo County, CA
PATENTCOUNTY06027 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Inyo County, CA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Inyo County, California. This metric is an important indicator of regional innovation and economic 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 represent technical innovations and inventions that are eligible for legal protection. Monitoring patent activity at the county level provides insights into the geographic distribution of innovative activity across the United States.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this metric to assess the entrepreneurial and technological capacity of local economies.
Key Facts
- Inyo County is located in eastern California, near the Nevada border.
- The county's economy is largely driven by tourism and natural resource extraction.
- Patent activity can signal the presence of high-tech industries and R&D hubs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Inyo County, California.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity at the county level provides insights into the geographic distribution of innovative activity, which is an important indicator of regional economic 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: Policymakers and economic development agencies use this metric to assess the entrepreneurial and technological capacity of local economies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patent activity originating from the county due to methodological limitations.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Inyo County, CA (PATENTCOUNTY06027), retrieved from FRED.