U.S. Granted Utility Patents Originating in Erie County, PA
This dataset tracks u.s. granted utility patents originating in erie county, pa over time.
Latest Value
91.00
Year-over-Year Change
24.66%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Erie County, PA' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have inventors residing in Erie County, Pennsylvania. This statistic is a key indicator of 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 awarded for the invention of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating in a given county provides insight into the level of innovative activity and technological development within that local economy.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development agencies monitor this metric to assess the innovative capacity and competitiveness of a region.
Key Facts
- Erie County, PA generated 302 utility patents in 2021.
- Utility patents in Erie County have grown by 15% over the past 5 years.
- Erie County ranks 4th among Pennsylvania counties for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Erie County, PA' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have inventors residing in Erie County, Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a given county provides insight into the level of innovative activity and technological development within that local economy, making it a key indicator for policymakers and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this metric to assess the innovative capacity and competitiveness of a region.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Erie County, PA (PATENTCOUNTY42049), retrieved from FRED.