U.S. Granted Utility Patents Originating in Washington County, PA
PATENTCOUNTY42125 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.00
Year-over-Year Change
31.71%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Washington County, Pennsylvania. It serves as an indicator of innovation and technological activity 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 a key measure of inventive activity and technological progress. Monitoring patent trends in specific geographic areas can provide insights into the economic and innovative capacity of local markets and industries.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and approval process.
Historical Context
Patent data is widely used by policymakers, economists, and businesses to assess regional competitiveness and target economic development initiatives.
Key Facts
- Washington County, PA is home to over 200,000 residents.
- The county has a diverse economy including manufacturing, healthcare, and technology sectors.
- Patent activity in the county has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Washington County, Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a key indicator of innovation and technological progress in a region, providing insights into the economic and innovative capacity of local markets and industries.
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 approval process.
Q: How is this trend used in economic policy?
A: Patent data is widely used by policymakers, economists, and businesses to assess regional competitiveness and target economic development initiatives.
Q: Are there update delays or limitations?
A: The patent data is subject to typical processing and publication delays by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Washington County, PA (PATENTCOUNTY42125), retrieved from FRED.