U.S. Granted Utility Patents Originating in Polk County, MN
PATENTCOUNTY27119 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-75.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Polk County, MN' series tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office that originate from inventors in Polk County, Minnesota.
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 metric serves as an indicator of innovation and technological activity within Polk County. It is used by economists and policymakers to analyze trends in local and regional innovation capacity and competitiveness.
Methodology
The data is collected and reported annually by the U.S. Patent and Trademark Office.
Historical Context
Utility patent counts are a leading indicator of technological advancement and economic dynamism.
Key Facts
- Polk County had 17 utility patents granted in 2021.
- Patents have increased by 25% in Polk County over the past 5 years.
- Technology and engineering account for 65% of Polk County's patented inventions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office that originate from inventors in Polk County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Utility patent counts serve as an indicator of innovation and technological activity within a local region, which is valuable for understanding economic competitiveness and dynamism.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trends in local and regional innovation capacity, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Polk County, MN (PATENTCOUNTY27119), retrieved from FRED.