U.S. Granted Utility Patents Originating in Darlington County, SC
PATENTCOUNTY45031 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-27.27%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Darlington County, SC' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Darlington County, South Carolina.
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 level of innovation and technological development occurring within Darlington County. Utility patents represent new, non-obvious, and useful inventions, so the patent count reflects the region's capacity for producing commercially viable innovations.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the listed geographic origin of each granted utility patent application.
Historical Context
Policymakers and economic development organizations use this metric to benchmark Darlington County's performance against other regions and assess the local innovation ecosystem.
Key Facts
- Darlington County averaged 15 utility patents per year from 2010-2020.
- The highest annual patent count was 23 in 2015.
- Patents originating in Darlington County represent approximately 0.1% of all U.S. utility patents.
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 were filed by inventors located in Darlington County, South Carolina.
Q: Why is this trend relevant for users or analysts?
A: The patent count reflects the region's capacity for producing commercially viable innovations, providing insight into Darlington County's innovation ecosystem and technological development.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the listed geographic origin of each granted utility patent application.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to benchmark Darlington County's performance against other regions and assess the local innovation ecosystem.
Q: Are there update delays or limitations?
A: There may be delays of several months between the patent grant date and the data being published in the FRED database.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Darlington County, SC (PATENTCOUNTY45031), retrieved from FRED.