U.S. Granted Utility Patents Originating in an Undetermined County in Illinois
PATENTCOUNTY17000 • 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 an Undetermined County in Illinois' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that are attributed to an unspecified county in Illinois.
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 economic indicator provides insight into innovation and technological development occurring in Illinois, even when the precise geographic origin within the state is unknown. The data is useful for assessing the broader innovation climate and economic competitiveness of the state.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economists, and businesses to analyze innovation trends and guide economic development strategies in Illinois.
Key Facts
- Illinois accounts for around 5% of all U.S. utility patents.
- The number of unattributed Illinois patents has risen steadily since 2000.
- Patent activity is a leading indicator of technological progress and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that are attributed to an unspecified county in Illinois.
Q: Why is this trend relevant for users or analysts?
A: The data provides insight into innovation and technological development occurring in Illinois, even when the precise geographic origin within the state is unknown, which is useful for assessing the broader innovation climate and economic competitiveness of the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and businesses to analyze innovation trends and guide economic development strategies in Illinois.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timeline and geographic attribution limitations of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in an Undetermined County in Illinois (PATENTCOUNTY17000), retrieved from FRED.