U.S. Granted Utility Patents Originating in Wyoming County, PA
PATENTCOUNTY42131 • 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 Wyoming County, PA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Wyoming County, Pennsylvania. This metric is a useful indicator of regional innovation and entrepreneurial activity.
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 type of patent granted for the invention or discovery of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating from a given county provides insight into the local ecosystem for innovation, research, and development.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations may reference this data to assess a region's competitiveness and potential for growth.
Key Facts
- Wyoming County, PA accounted for 0.02% of total U.S. utility patents in 2022.
- Utility patent grants in Wyoming County peaked at 25 in 2015.
- The number of utility patents originating in the county has declined by 40% since 2015.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Wyoming County, Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a county provides insight into the local ecosystem for innovation, research, and development, which is useful for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations may reference this data to assess a region's competitiveness and potential for growth.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent trends in patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wyoming County, PA (PATENTCOUNTY42131), retrieved from FRED.