U.S. Granted Utility Patents Originating in Escambia County, FL
PATENTCOUNTY12033 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
10.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Escambia County, FL' data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Escambia County, Florida. This metric is an important indicator of local innovation and entrepreneurship.
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 the patenting activity and inventive output of Escambia County, Florida. The number of granted utility patents is a widely used proxy for technological innovation within a geographic region. Analyzing these trends can inform policymakers and economic development initiatives.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Tracking patent trends is crucial for understanding regional competitiveness and the commercialization of new technologies.
Key Facts
- Escambia County, FL ranked 72nd among U.S. counties for utility patents in 2021.
- Patent grants in Escambia County increased by 8.2% from 2020 to 2021.
- The top technology fields for Escambia County patents include medical devices and information technology.
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 originate from Escambia County, Florida.
Q: Why is this trend relevant for users or analysts?
A: The number of granted utility patents is a widely used proxy for technological innovation within a geographic region, providing insight into local entrepreneurship and commercialization of new technologies.
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: Tracking patent trends is crucial for understanding regional competitiveness and informing policymakers and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months behind the current period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Escambia County, FL (PATENTCOUNTY12033), retrieved from FRED.