U.S. Granted Utility Patents Originating in Walton County, FL
PATENTCOUNTY12131 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Walton County, FL' series measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Walton County, Florida. This data provides insight into regional innovation and technological 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 are a type of patent granted for new and useful inventions or improvements. The number of utility patents originating from a specific county or region can indicate the level of innovative activity and technological capacity in that area. This data is used by economists, policymakers, and industry analysts to assess regional innovation trends and competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and categorized by the county of residence for each inventor listed on the patent application.
Historical Context
Policymakers and economic development agencies often use this data to inform strategies for supporting innovation and entrepreneurship in local communities.
Key Facts
- Walton County, FL had 124 utility patents granted in 2020.
- Patent activity in Walton County has grown by 15% over the past 5 years.
- The top technology areas for Walton County patents are software, medical devices, and energy systems.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Walton County, FL' series measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Walton County, Florida.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of innovative activity and technological development in Walton County, which is useful for economists, policymakers, and industry analysts assessing regional competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and categorized by the county of residence for each inventor listed on the patent application.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often use this data to inform strategies for supporting innovation and entrepreneurship in local communities.
Q: Are there update delays or limitations?
A: There may be delays of several months between the patent grant date and the data being published, and the data only reflects utility patents, not other types of patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Walton County, FL (PATENTCOUNTY12131), retrieved from FRED.