U.S. Granted Utility Patents Originating in Toole County, MT
PATENTCOUNTY30101 • 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 Toole County, MT' tracks the number of utility patents granted annually that originate from Toole County, Montana. This metric is used by economists and policymakers to gauge local 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 for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof. The number of utility patents originating from a specific county provides insight into the local innovation ecosystem and can inform economic and technology policy decisions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and made available through the Federal Reserve Economic Data (FRED) system.
Historical Context
This patent data is used by economists, local governments, and policymakers to assess regional competitiveness and guide economic development strategies.
Key Facts
- Toole County, MT had 12 utility patents granted in 2021.
- The number of utility patents originating in Toole County has increased by 20% over the past 5 years.
- Toole County accounts for 0.02% of total U.S. utility patents granted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted annually that originate from Toole County, Montana. Utility patents are a type of patent granted for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county provides insight into the local innovation ecosystem and can inform economic and technology policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and made available through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: This patent data is used by economists, local governments, and policymakers to assess regional competitiveness and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a 1-year delay, so the most recent year available may not reflect the current state of innovation in Toole County.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Madison County, AR
PATENTCOUNTY05087
U.S. Granted Patents: Total Patents Originating in Slovakia
PATENT4NSKTOTAL
U.S. Granted Utility Patents Originating in Hamblen County, TN
PATENTCOUNTY47063
U.S. Granted Patents: Total Patents Originating in Jamaica
PATENT4NJMTOTAL
U.S. Granted Patents: Utility Patents Originating in Alaska
PATENTUSAKUTILITY
U.S. Granted Utility Patents Originating in Harrison County, IA
PATENTCOUNTY19085
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Toole County, MT (PATENTCOUNTY30101), retrieved from FRED.