U.S. Granted Utility Patents Originating in Wilkin County, MN
PATENTCOUNTY27167 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Wilkin County, MN' series tracks the number of utility patents granted to inventors from Wilkin County, Minnesota by the U.S. Patent and Trademark Office. This measure provides insight into regional innovation and technological development.
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 to inventors of new, useful, and non-obvious inventions. The 'U.S. Granted Utility Patents Originating in Wilkin County, MN' series captures the volume of successful patent applications from this specific county, offering a gauge of local innovation and technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed inventor addresses on granted utility patent applications.
Historical Context
This metric is useful for economists and policymakers to analyze regional trends in technological innovation and development.
Key Facts
- Wilkin County, MN is a rural county in western Minnesota.
- The county has a population of around 7,000 people.
- Utility patents cover new, useful, and non-obvious inventions.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Wilkin County, MN' series tracks the number of utility patents granted to inventors from Wilkin County, Minnesota by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional innovation and technological development in Wilkin County, which can be useful for economists and policymakers analyzing local trends.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed inventor addresses on granted utility patent applications.
Q: How is this trend used in economic policy?
A: This metric can be used by economists and policymakers to analyze regional trends in technological innovation and development, which can inform economic and innovation policies.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of this data due to the time required to process and grant utility patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wilkin County, MN (PATENTCOUNTY27167), retrieved from FRED.