U.S. Granted Utility Patents Originating in Wadena County, MN
PATENTCOUNTY27159 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Wadena County, MN' trend measures the volume of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Wadena 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 data series provides insight into the innovative activity and technological development occurring within Wadena County. Tracking granted patents can help identify regional centers of invention and inform economic and policy decisions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Historical Context
Patent data is widely used by economists, policymakers, and market analysts to assess regional innovation and competitiveness.
Key Facts
- Wadena County, MN is home to approximately 13,700 residents.
- Patents originating in Wadena County account for under 0.1% of total U.S. utility patents.
- The trend has shown modest year-over-year growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors residing in Wadena County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking the volume of patents originating from a specific county provides insight into the level of innovative activity and technological development occurring in that region.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by the county of inventor residence.
Q: How is this trend used in economic policy?
A: Patent data is widely used by economists, policymakers, and market analysts to assess regional innovation and competitiveness, which can inform economic development strategies and funding decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months between when patents are granted and when the data is incorporated into this series.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wadena County, MN (PATENTCOUNTY27159), retrieved from FRED.