U.S. Granted Utility Patents Originating in Los Angeles County, CA
PATENTCOUNTY06037 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,625.00
Year-over-Year Change
50.29%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Los Angeles County, CA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Los Angeles County, California.
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
This indicator provides insight into the innovative activity and technological development occurring in the Los Angeles metropolitan area. Economists and policymakers monitor patent trends to assess regional competitiveness and drivers of economic growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent metrics are widely used to evaluate the innovative capacity of cities, states, and countries.
Key Facts
- Los Angeles County is a major center of innovation in the United States.
- Utility patents account for the majority of all patents granted in the U.S.
- Patent activity is a key indicator of technological progress and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Los Angeles County, California.
Q: Why is this trend relevant for users or analysts?
A: Patent metrics are widely used to evaluate the innovative capacity and technological development of regions, providing insight into drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers monitor patent trends to assess regional competitiveness and support initiatives that foster innovation and technological advancement.
Q: Are there update delays or limitations?
A: The data may be subject to publication lags by the reporting agency.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Los Angeles County, CA (PATENTCOUNTY06037), retrieved from FRED.