U.S. Granted Utility Patents Originating in Decatur County, GA
PATENTCOUNTY13087 • 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 Decatur County, GA' trend measures the number of utility patents granted to inventors residing in Decatur County, Georgia. This data provides insight into the innovative output and technology development within the local economy.
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, machines, or processes. Tracking the number of utility patents originating from a specific county can indicate the level of technological innovation and entrepreneurship in that local area.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO) and reported by county of inventor residence.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovation capacity and competitiveness of regional economies.
Key Facts
- Decatur County, GA had 17 utility patents granted in 2020.
- Utility patents make up over 90% of all patents issued in the U.S.
- The U.S. issued over 350,000 utility patents in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in Decatur County, Georgia. Utility patents are a type of patent issued for new and useful inventions, machines, or processes.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents by county provides insight into the level of technological innovation and entrepreneurship within the local economy. This metric is used by policymakers and economic development organizations to assess a region's innovation capacity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO) and reported by county of inventor residence.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate the innovation capacity and competitiveness of regional economies, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data, as the USPTO processes applications and grants patents on an ongoing basis.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Decatur County, GA (PATENTCOUNTY13087), retrieved from FRED.