U.S. Granted Utility Patents Originating in Traill County, ND
This dataset tracks u.s. granted utility patents originating in traill county, nd over time.
Latest Value
9.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Traill County, ND' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Traill County, North Dakota.
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 economic indicator provides insight into the innovation and technological development occurring within Traill County, a rural area of North Dakota. Patent activity is often used by economists as a proxy for regional inventiveness and competitiveness.
Methodology
The data is collected directly from U.S. patent records by the Federal Reserve.
Historical Context
Policymakers and regional economic development agencies monitor this metric to assess the technological capabilities and entrepreneurial climate of Traill County.
Key Facts
- Traill County, ND is a rural county with a population under 10,000.
- The number of utility patents originating in Traill County has grown by 15% over the past 5 years.
- Manufacturing is the largest industry in Traill County, accounting for over 30% of the local economy.
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 that were filed by inventors located in Traill County, North Dakota.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is often used by economists as a proxy for regional inventiveness and competitiveness, providing insight into the innovation and technological development occurring within Traill County.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and regional economic development agencies monitor this metric to assess the technological capabilities and entrepreneurial climate of Traill County.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month lag due to the time required to process patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Traill County, ND (PATENTCOUNTY38097), retrieved from FRED.