U.S. Granted Utility Patents Originating in Livingston County, KY
PATENTCOUNTY21139 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Livingston County, Kentucky. It serves as an indicator of innovation and technological activity in 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 or discoveries. Tracking patent activity at the county level provides insights into regional innovation and technological development, which are key drivers of economic growth and competitiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this data to assess the innovation capacity and technology-driven potential of local and regional economies.
Key Facts
- Livingston County, KY had 24 utility patents granted in 2020.
- Patents are a key indicator of technological innovation.
- Local patent activity reflects the area's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Livingston County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity at the county level provides insights into regional innovation and technological development, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess the innovation capacity and technology-driven potential of local and regional economies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patent activity in a given year.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Livingston County, KY (PATENTCOUNTY21139), retrieved from FRED.