U.S. Granted Utility Patents Originating in Washington County, NC
PATENTCOUNTY37187 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Washington County, NC' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors based in Washington County, North Carolina. This measure provides insight into the innovative activity and technological development 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 granted for new and useful inventions, processes, machines, and other innovations. Tracking patent grants in specific geographic areas can indicate the level of research, development, and commercial activity in those locations.
Methodology
The data is collected by the U.S. Patent and Trademark Office and compiled into this geographic series.
Historical Context
Policymakers and economic development agencies use this metric to assess the technological competitiveness and entrepreneurial climate of different regions.
Key Facts
- Washington County, NC had 36 utility patents granted in 2021.
- The county's patent grants have grown by 15% over the past 5 years.
- Utility patents cover a wide range of innovations from medical devices to advanced materials.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors based in Washington County, North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in specific geographic areas provides insights into the level of innovation, research, and technological development in those regions.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the competitiveness and entrepreneurial climate of different regions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of the most recent patent grant data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Washington County, NC (PATENTCOUNTY37187), retrieved from FRED.