U.S. Granted Utility Patents Originating in Riverside County, CA
This dataset tracks u.s. granted utility patents originating in riverside county, ca over time.
Latest Value
267.00
Year-over-Year Change
12.66%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Riverside County, CA' data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have Riverside County, California listed as the origin location.
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 data series provides insight into innovation and technological progress within Riverside County, a major economic hub in Southern California. Tracking patent trends can help researchers and policymakers understand regional drivers of economic growth and technological development.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reports the county of origin for each granted utility patent.
Historical Context
This metric is used by economists, policymakers, and regional development analysts to assess innovation capacity and competitiveness.
Key Facts
- Riverside County accounted for over 1,700 granted utility patents in 2021.
- Patent activity in Riverside County has grown by over 50% in the past decade.
- The county ranks among the top 20 U.S. regions for utility patent generation.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that list Riverside County, California as the origin location.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in Riverside County provides insight into the region's innovation capacity and technological progress, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records on granted utility patents.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and regional development analysts use this metric to assess innovation and technological competitiveness, which informs economic strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current patent activity. Additionally, the data is limited to utility patents and does not include other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Riverside County, CA (PATENTCOUNTY06065), retrieved from FRED.