U.S. Granted Utility Patents Originating in Washington County, MO
PATENTCOUNTY29221 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Washington County, MO' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Washington 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 economic indicator provides insight into the level of innovative activity and technological development occurring in a specific geographic region. Patent grants are an important metric for assessing a local economy's ability to create and commercialize new inventions and ideas.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and approval process.
Historical Context
Policymakers and economic development agencies can use this data to evaluate the competitiveness and growth potential of the Washington County, Missouri innovation ecosystem.
Key Facts
- Washington County, MO is home to approximately 25,000 residents.
- In 2021, 84 utility patents were granted to inventors from the county.
- Patent activity in the county has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors residing in Washington County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is an important indicator of innovative capacity and technological development within a local economy. This data can provide insights into the competitiveness and growth potential of the Washington County innovation ecosystem.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's patent application and approval process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this data to evaluate the innovation and growth potential of the Washington County, Missouri region and inform economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays of several months between when patents are granted and when the data is published and made available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Washington County, MO (PATENTCOUNTY29221), retrieved from FRED.