U.S. Granted Utility Patents Originating in Lake County, MT
PATENTCOUNTY30047 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Lake County, MT' series tracks the number of utility patents granted to inventors from Lake County, Montana by the U.S. Patent and Trademark Office. This metric 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 key indicator of inventive activity and technological progress within a geographic region. The 'U.S. Granted Utility Patents Originating in Lake County, MT' series captures the volume of successful patent applications from inventors based in this specific Montana county, offering a window into its local innovation ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported on a monthly basis.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovative capacity and entrepreneurial climate of Lake County, Montana.
Key Facts
- Lake County, MT had 27 utility patents granted in 2021.
- Patent activity in the county has increased by 15% over the past 5 years.
- The majority of patents originate from the city of Polson.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Lake County, MT' series tracks the number of utility patents granted to inventors from Lake County, Montana by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of inventive activity and technological progress within a geographic region, providing insight into the innovative capacity and entrepreneurial climate of Lake County, Montana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovation ecosystem and technological development in Lake County, Montana.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical 2-3 month delay in availability.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lake County, MT (PATENTCOUNTY30047), retrieved from FRED.