U.S. Granted Utility Patents Originating in Swift County, MN
PATENTCOUNTY27151 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Swift County, MN' series tracks the total number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in Swift 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 economic indicator provides insight into the level of innovative activity and technological development occurring within Swift County. Utility patents are a key measure of inventiveness and can signal regional strengths in research, engineering, and entrepreneurship.
Methodology
The data is collected directly from U.S. patent records by the Federal Reserve Bank of St. Louis.
Historical Context
Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of local economies.
Key Facts
- Swift County is located in west-central Minnesota.
- Patents indicate new inventions and technological breakthroughs.
- This metric tracks utility patents, which cover functional innovations.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Swift County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovative activity and technological development within a local economy. This metric provides insight into the inventiveness and competitiveness of Swift County.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the Federal Reserve Bank of St. Louis.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of the Swift County economy.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for patent applications to be processed and recorded.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Swift County, MN (PATENTCOUNTY27151), retrieved from FRED.