U.S. Granted Utility Patents Originating in Otter Tail County, MN
PATENTCOUNTY27111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
166.67%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Otter Tail County, Minnesota. It provides insight into the innovative activity and technology development occurring in this 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
The U.S. Granted Utility Patents Originating in Otter Tail County, MN metric represents the total number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in Otter Tail County. This data point is used by economists and policymakers to analyze regional innovation and technological progress.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Historical Context
Trends in utility patents can inform policies aimed at fostering innovation and economic development in specific regions.
Key Facts
- Otter Tail County is located in west-central Minnesota.
- Patent data provides insights into the technological capabilities of a region.
- Utility patents cover new and useful inventions or improvements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from inventors residing in Otter Tail County, Minnesota. Utility patents cover new and useful inventions or improvements.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patents are used by economists and policymakers to assess the innovative capacity and technological progress of a specific geographic region.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Q: How is this trend used in economic policy?
A: Utility patent data can inform policies aimed at fostering innovation and economic development in Otter Tail County and similar regional economies.
Q: Are there update delays or limitations?
A: The patent data may have a lag of several months due to the patent application and issuance process.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Becker County, MN
PATENTCOUNTY27005
U.S. Granted Utility Patents Originating in Lake County, IN
PATENTCOUNTY18089
U.S. Granted Utility Patents Originating in Clay County, MN
PATENTCOUNTY27027
U.S. Granted Utility Patents Originating in Holmes County, OH
PATENTCOUNTY39075
U.S. Granted Utility Patents Originating in Dubois County, IN
PATENTCOUNTY18037
U.S. Granted Utility Patents Originating in Merced, CA (MSA)
PATENTCBSA132900
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Otter Tail County, MN (PATENTCOUNTY27111), retrieved from FRED.