U.S. Granted Utility Patents Originating in Essex County, MA
PATENTCOUNTY25009 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
576.00
Year-over-Year Change
41.52%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Essex County, MA' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Essex County, Massachusetts. This metric is useful for economists and policymakers to analyze innovation and technological progress within a specific geographic 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
This series tracks the number of utility patents granted annually to inventors living in Essex County, MA. Utility patents protect new, useful, and non-obvious inventions, so this data provides insight into the innovative output and technology development in this local area over time.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed residence of patent applicants.
Historical Context
Trends in granted patents are used by economists, policymakers, and industry analysts to assess regional innovation and competitiveness.
Key Facts
- Essex County, MA is home to many leading technology companies.
- Patent activity is considered a key indicator of local innovation.
- Patent data helps track the commercialization of new technologies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted annually by the U.S. Patent and Trademark Office that originated from inventors residing in Essex County, Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Trends in granted patents provide insight into the innovative output and technological progress within a specific geographic region, which is useful for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed residence of patent applicants.
Q: How is this trend used in economic policy?
A: Patent activity is used by economists and policymakers to assess regional innovation and competitiveness, which can inform decisions around economic development, investment, and technology policy.
Q: Are there update delays or limitations?
A: The data is subject to the processing timelines of the U.S. Patent and Trademark Office, so there may be some delay between when patents are granted and when they are reflected in the published statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Essex County, MA (PATENTCOUNTY25009), retrieved from FRED.