U.S. Granted Utility Patents Originating in Lemhi County, ID
PATENTCOUNTY16059 • 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 Lemhi County, ID' trend tracks the number of utility patents granted to inventors located in Lemhi County, Idaho. This metric 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. Tracking patents originating in Lemhi County helps economists and policymakers understand the local innovation landscape and identify regional innovation hubs.
Methodology
The data is compiled by the U.S. Patent and Trademark Office from patent application records.
Historical Context
This trend is used to assess regional competitiveness and guide economic development policies.
Key Facts
- Lemhi County, ID had 28 utility patents granted in 2021.
- Patent activity in Lemhi County has grown by 12% annually over the past decade.
- Lemhi County accounts for 0.2% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in Lemhi County, Idaho. Utility patents cover new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Tracking regional patent activity provides insights into local innovation and technological development, which are important factors for economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office from patent application records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess regional competitiveness and guide policies to support innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of county-level patent data due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lemhi County, ID (PATENTCOUNTY16059), retrieved from FRED.