U.S. Granted Utility Patents Originating in Teton County, ID
PATENTCOUNTY16081 • 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 Teton County, ID' trend measures the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors based in Teton County, Idaho. This metric is important for analyzing regional innovation and technological progress.
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
This series tracks the number of utility patents, which protect new and useful inventions, granted to inventors residing in Teton County, Idaho. It provides insight into the local innovation ecosystem and can be used to benchmark the county's performance relative to other regions.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Historical Context
Policymakers and economic development organizations often use this data to evaluate the technological competitiveness and entrepreneurial activity within a specific geographic area.
Key Facts
- Teton County, ID had 49 utility patents granted in 2020.
- Patent activity in the county has grown by 15% over the past 5 years.
- The county ranks 3rd nationally for patents per capita among rural counties.
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 originated from inventors residing in Teton County, Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the local innovation ecosystem and technological competitiveness of Teton County, which is important for economic development and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected 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: Policymakers and economic development organizations use this data to evaluate the entrepreneurial activity and technological progress within a specific geographic region.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in reporting new patent data, and the metric only captures utility patents, not other types of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Teton County, ID (PATENTCOUNTY16081), retrieved from FRED.