U.S. Granted Utility Patents Originating in St. Louis County, MO
This dataset tracks u.s. granted utility patents originating in st. louis county, mo over time.
Latest Value
340.00
Year-over-Year Change
6.25%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in St. Louis County, MO' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that are attributed to inventors residing in St. Louis County, Missouri.
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 and technological activity within a specific geographic region. Utility patents are a key indicator of invention and technological advancement, and the St. Louis County data offers a window into the local innovation ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Historical Context
This metric is used by policymakers, economists, and business analysts to evaluate regional innovation trends and benchmark St. Louis County's performance against other areas.
Key Facts
- St. Louis County is a major technology and innovation hub in the Midwest.
- Utility patents represent successful inventions with commercial applications.
- Patent data provides an objective measure of local technological dynamism.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that are attributed to inventors residing in St. Louis County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data offers insight into the innovative and technological activity within a specific geographic region, which is valuable for policymakers, economists, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and business analysts to evaluate regional innovation trends and benchmark St. Louis County's performance against other areas.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it requires processing of patent application records by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in St. Louis County, MO (PATENTCOUNTY29189), retrieved from FRED.