U.S. Granted Utility Patents Originating in Pierce County, NE
PATENTCOUNTY31139 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Pierce County, NE' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Pierce County, Nebraska.
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 provides insight into the innovation and technological activity occurring in Pierce County, an important indicator of regional economic development and competitiveness. Utility patents represent new, useful, and non-obvious inventions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Patent activity is a key metric used by policymakers and economists to assess the innovative capacity and technology-driven growth of local and regional economies.
Key Facts
- Pierce County, NE is home to several high-tech firms and research institutions.
- Patents represent commercialized innovations that can drive economic growth.
- The U.S. grants over 300,000 utility patents per year on average.
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 located in Pierce County, Nebraska.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of regional innovation and technological competitiveness, which are important drivers of economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess the innovation capacity and technology-driven growth potential of Pierce County and similar regional economies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Patent and Trademark Office, which may result in some update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pierce County, NE (PATENTCOUNTY31139), retrieved from FRED.