U.S. Granted Utility Patents Originating in Guernsey County, OH
PATENTCOUNTY39059 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Guernsey County, OH' trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from inventors based in Guernsey County, Ohio.
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 a specific local economy. Utility patents represent inventions that are new, useful, and non-obvious, so tracking their volume can signal the level of entrepreneurship and R&D activity in a region.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and issuance process.
Historical Context
Policymakers and economic development agencies may use this metric to evaluate the innovative capacity and competitiveness of Guernsey County.
Key Facts
- Guernsey County is located in east-central Ohio.
- Patent activity can spur job creation and economic growth.
- The U.S. issued over 350,000 utility patents in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from inventors based in Guernsey County, Ohio.
Q: Why is this trend relevant for users or analysts?
A: Utility patents represent new, useful, and non-obvious inventions, so tracking their volume can signal the level of entrepreneurship and R&D activity in the Guernsey County region.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and issuance process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies may use this metric to evaluate the innovative capacity and competitiveness of Guernsey County.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Patent and Trademark Office's reporting.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Guernsey County, OH (PATENTCOUNTY39059), retrieved from FRED.