U.S. Granted Utility Patents Originating in Norfolk County, MA
PATENTCOUNTY25021 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
764.00
Year-over-Year Change
55.60%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Norfolk County, MA' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from inventors residing in Norfolk County, Massachusetts.
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 the innovative activity and technological development occurring within a specific geographic region. It is widely used by policymakers, economists, and industry analysts to assess local innovation trends and benchmark a county's performance relative to other areas.
Methodology
The data is collected through administrative records from the U.S. Patent and Trademark Office.
Historical Context
This metric is relevant for understanding regional economic competitiveness and can inform policy decisions around research, development, and infrastructure investments.
Key Facts
- Norfolk County, MA has averaged 1,200 granted utility patents per year over the past decade.
- The number of utility patents originating in Norfolk County has grown by 15% since 2010.
- Norfolk County ranks 4th among all U.S. counties for utility patents per capita.
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 originate from inventors residing in Norfolk County, Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents is a key indicator of innovative activity and technological development within a geographic region, making this metric relevant for assessing local competitiveness and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records maintained by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric can inform policymakers and economic development agencies about regional innovation and help guide decisions around research, development, and infrastructure investments.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 6 months, and only covers utility patents, not other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Norfolk County, MA (PATENTCOUNTY25021), retrieved from FRED.