U.S. Granted Utility Patents Originating in Martin County, KY
PATENTCOUNTY21159 • 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 Martin County, KY' trend tracks the number of utility patents granted to inventors residing in Martin County, Kentucky. This metric provides insight into the innovative activity and technological contributions of the region.
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 invention and technological progress. Tracking the number of utility patents originating from Martin County, Kentucky allows economists and policymakers to monitor the county's innovation capacity and competitiveness relative to other regions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and measures the number of utility patents granted to inventors with a residential address in Martin County, Kentucky.
Historical Context
This trend is used to analyze regional innovation, economic development, and the factors that drive technological change.
Key Facts
- Martin County, KY had 19 utility patents granted in 2020.
- Utility patents account for over 90% of all patents issued in the U.S.
- Patent activity is linked to higher incomes and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in Martin County, Kentucky. Utility patents protect new and useful inventions, processes, or improvements.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents originating from a specific county provides insight into the region's innovation capacity and technological competitiveness. This information is valuable for economic development, policy decisions, and understanding drivers of growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and measures the number of utility patents granted to inventors with a residential address in Martin County, Kentucky.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze regional innovation, guide economic development strategies, and understand the factors that drive technological change and productivity growth.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of patent data due to the application and granting process. Additionally, the data only reflects utility patents, not other types of intellectual property protection.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Martin County, KY (PATENTCOUNTY21159), retrieved from FRED.