U.S. Granted Utility Patents Originating in Hill County, MT
PATENTCOUNTY30041 • 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 Hill County, MT' trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office (USPTO) to inventors residing in Hill County, Montana.
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 for new and useful inventions, processes, or improvements. This metric provides insight into the innovative activity and technological development within a specific geographic region.
Methodology
The data is collected and reported by the USPTO based on the residence of patent applicants.
Historical Context
Trends in patenting activity are closely monitored by policymakers, economists, and industry analysts to assess regional economic performance and competitiveness.
Key Facts
- Hill County, MT had 27 utility patents granted in 2021.
- Patenting activity peaked in Hill County in 2015 with 41 utility patents.
- The U.S. granted a total of 354,430 utility patents in 2021.
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 to inventors residing in Hill County, Montana.
Q: Why is this trend relevant for users or analysts?
A: Trends in patenting activity provide insights into the innovative capacity and technological development of a geographic region, which is valuable information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office based on the residence of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers monitor patenting trends to assess regional economic performance and competitiveness, informing decisions on investment, incentives, and strategies to support innovation and technological development.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting lags, with the most recent year's figures typically available after a 12-18 month delay.
Similar PATENTCOUNTY Trends
U.S. Granted Patents: Design Patents Originating in Nebraska
PATENTUSNEDESIGN
U.S. Granted Utility Patents Originating in Kalamazoo County, MI
PATENTCOUNTY26077
U.S. Granted Patents: Total Patents Originating in Vanuatu
PATENT4NVUTOTAL
U.S. Granted Patents: Total Patents Originating in Antigua and Barbuda
PATENT4NAGTOTAL
U.S. Granted Patents: Total Patents Originating in Georgia
PATENT4NGETOTAL
U.S. Granted Utility Patents Originating in Amarillo, TX (MSA)
PATENTCBSA111100
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hill County, MT (PATENTCOUNTY30041), retrieved from FRED.