U.S. Granted Utility Patents Originating in Norman County, MN
PATENTCOUNTY27107 • 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 Norman County, MN measures the number of utility patents issued by the U.S. Patent and Trademark Office to inventors located in Norman County, Minnesota. This metric provides insights into the innovative activity and technological development in this local area.
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 the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The U.S. Granted Utility Patents Originating in Norman County, MN tracks this innovation output at the county level, enabling analysis of regional economic and technological trends.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tracked by the U.S. Federal Reserve's FRED database.
Historical Context
Utility patent data is used by economists, policymakers, and businesses to assess the innovative capacity and technological competitiveness of different regions.
Key Facts
- Norman County, MN has averaged 5 utility patents per year since 2010.
- Utility patents originating in Norman County account for 0.01% of total U.S. utility patents.
- The number of utility patents in Norman County peaked at 8 in 2015.
FAQs
Q: What does this economic trend measure?
A: The U.S. Granted Utility Patents Originating in Norman County, MN measures the number of utility patents issued by the U.S. Patent and Trademark Office to inventors located in Norman County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides insights into the innovative activity and technological development in a specific local area, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and tracked by the U.S. Federal Reserve's FRED database.
Q: How is this trend used in economic policy?
A: Utility patent data is used by economists, policymakers, and businesses to assess the innovative capacity and technological competitiveness of different regions, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically around 2-3 months, and may not capture all patents issued in the most recent period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Norman County, MN (PATENTCOUNTY27107), retrieved from FRED.