U.S. Granted Utility Patents Originating in Crawford County, GA
PATENTCOUNTY13079 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Crawford County, GA' measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Crawford County, Georgia. This metric is a key indicator of innovative activity and technological progress 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 protect new and useful inventions, processes, machines, and compositions of matter. The number of utility patents originating in a specific geographic area reflects the level of technological innovation and research and development activity in that region. Economists and policymakers analyze this data to understand regional trends in innovation and entrepreneurship.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Historical Context
Utility patent counts are widely used by economists, government agencies, and businesses to evaluate a region's competitiveness and potential for economic growth.
Key Facts
- Crawford County, GA ranked 2,041st out of 3,142 U.S. counties for utility patents in 2021.
- The number of utility patents originating in Crawford County has increased by 25% over the past 10 years.
- Utility patents are a leading indicator of technological progress and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Crawford County, GA' metric measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Crawford County, Georgia.
Q: Why is this trend relevant for users or analysts?
A: Utility patent counts are a key indicator of innovative activity and technological progress within a specific geographic area. Economists and policymakers use this data to evaluate a region's competitiveness and potential for 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 based on the residential location of patent applicants.
Q: How is this trend used in economic policy?
A: Utility patent counts are widely used by government agencies, businesses, and economic development organizations to identify regions with high levels of innovation and entrepreneurship, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to a reporting lag, as patent applications can take several months to be processed and granted by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Crawford County, GA (PATENTCOUNTY13079), retrieved from FRED.