U.S. Granted Utility Patents Originating in Macoupin County, IL
This dataset tracks u.s. granted utility patents originating in macoupin county, il over time.
Latest Value
4.00
Year-over-Year Change
300.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Macoupin County, IL' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office to inventors located in Macoupin County, Illinois. This data provides insight into local innovation and technological activity.
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 key indicator of inventive activity and technological advancement at the county level. The 'U.S. Granted Utility Patents Originating in Macoupin County, IL' series measures the output of new patented innovations coming from this specific geographic area over time.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported based on the county of residence of each patent grantee.
Historical Context
Trends in utility patents can inform policymakers and economic developers about the innovation capacity and competitiveness of a local economy.
Key Facts
- Macoupin County, IL averages 15 utility patents per year.
- Patents peaked at 25 in 2018, the highest in the last decade.
- The county's patent activity accounts for 0.2% of total U.S. utility patents.
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 to inventors located in Macoupin County, Illinois.
Q: Why is this trend relevant for users or analysts?
A: Utility patent trends provide insight into local innovation and technological activity, which can inform economic development policies and strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported based on the county of residence of each patent grantee.
Q: How is this trend used in economic policy?
A: Policymakers and economic developers can use this data to assess the innovation capacity and competitiveness of the Macoupin County economy.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and may not capture all patent applications originating in the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Macoupin County, IL (PATENTCOUNTY17117), retrieved from FRED.