U.S. Granted Utility Patents Originating in New York County, NY
PATENTCOUNTY36061 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,112.00
Year-over-Year Change
132.64%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in New York County, NY' series tracks the number of utility patents granted to inventors and innovators located in New York County, New York. This metric serves as an indicator of technological innovation and entrepreneurial activity in the region.
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 series measures the total number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors and companies based in New York County, New York. Utility patents protect new and useful inventions, processes, or improvements, making this series a valuable gauge of the area's innovative output and competitiveness.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic analysts use this metric to assess the technology and innovation ecosystem of New York County and its broader economic development.
Key Facts
- New York County is home to leading technology and research hubs.
- Patents indicate the rate of new product development and commercialization.
- Utility patent grants have grown steadily in New York County over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted to inventors and innovators located in New York County, New York, indicating the region's technological innovation and entrepreneurial activity.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a key indicator of an area's innovation and competitiveness, making this metric valuable for policymakers, economic development agencies, and analysts assessing the technology ecosystem of New York County.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records on granted utility patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to evaluate the technology and innovation landscape of New York County, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for patent processing and publication by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in New York County, NY (PATENTCOUNTY36061), retrieved from FRED.