U.S. Granted Utility Patents Originating in St. Lucie County, FL
PATENTCOUNTY12111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
154.55%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in St. Lucie County, FL' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from St. Lucie County, Florida. This measure provides insight into innovation and technological development within the county.
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 are granted for new and useful inventions, processes, machines, and compositions of matter. Monitoring patent trends at the county level can help identify regional centers of innovation and provide economic development insights for policymakers and businesses.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported on a monthly basis.
Historical Context
Patent counts are often used as a proxy for innovative activity and can inform economic policy decisions.
Key Facts
- Patents are a key indicator of technological progress.
- St. Lucie County, FL is home to several high-tech companies.
- The U.S. issues over 300,000 utility patents per year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from St. Lucie County, Florida.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent trends at the county level can provide insights into regional innovation and technological development, which are important for economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and reported on a monthly basis.
Q: How is this trend used in economic policy?
A: Patent counts are often used as a proxy for innovative activity and can inform economic development policies and initiatives at the local and regional level.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in St. Lucie County, FL (PATENTCOUNTY12111), retrieved from FRED.