U.S. Granted Utility Patents Originating in Garvin County, OK
PATENTCOUNTY40049 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Garvin County, OK' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Garvin County, Oklahoma. This provides insight into regional innovation and technological development.
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 metric measures the level of patenting activity in Garvin County, Oklahoma, a key indicator of local technological innovation and commercialization. Patent data can reveal regional economic and entrepreneurial trends that are useful for policymakers, economic development agencies, and businesses.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed location of inventors on granted utility patents.
Historical Context
Patent data informs policies and programs aimed at stimulating regional innovation and economic growth.
Key Facts
- Garvin County is home to approximately 27,000 residents.
- Patents originating in Garvin County have grown by 15% over the past decade.
- Oklahoma ranks 28th among U.S. states for patents per capita.
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 originate from inventors located in Garvin County, Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into regional innovation and technological development, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed location of inventors on granted utility patents.
Q: How is this trend used in economic policy?
A: Patent data informs policies and programs aimed at stimulating regional innovation and economic development.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, as it can take several months for applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Garvin County, OK (PATENTCOUNTY40049), retrieved from FRED.