U.S. Granted Utility Patents Originating in Suffolk County, NY
PATENTCOUNTY36103 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
483.00
Year-over-Year Change
29.84%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents originating in Suffolk County, New York. Patent data provides insight into innovation and technological progress 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
Utility patents are a key metric for measuring innovation and technological advancement in a geographic area. The U.S. Patent and Trademark Office collects and publishes data on the number of utility patents granted to inventors located in Suffolk County, New York.
Methodology
The data is collected directly from patent application and granting records maintained by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used by economists, policymakers, and market analysts to assess regional economic competitiveness and drivers of growth.
Key Facts
- Suffolk County, NY ranks among the top US counties for utility patents granted.
- Patent data reflects a region's capacity for technological innovation.
- Utility patents cover new and useful inventions or improvements.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted to inventors located in Suffolk County, New York. Utility patents cover new and useful inventions or improvements.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insight into a region's capacity for technological innovation and competitiveness. This information is valuable for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from patent application and granting records maintained by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Patent data is widely used to assess regional economic competitiveness and drivers of growth. It informs policy decisions around investment, workforce development, and innovation support.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to process and publish patent application data. The data only covers utility patents and does not include other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Suffolk County, NY (PATENTCOUNTY36103), retrieved from FRED.