U.S. Granted Utility Patents Originating in Georgetown County, SC
PATENTCOUNTY45043 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
150.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Georgetown County, SC' trend tracks the number of utility patents granted to inventors residing in Georgetown County, South Carolina. This metric provides insights into the innovative capacity and technological development within the county.
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 new and useful inventions, such as processes, machines, or compositions of matter. Tracking utility patents originating in a specific geographic region can indicate the level of technological innovation and entrepreneurial activity in that area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
This trend is used by policymakers, economic development organizations, and researchers to analyze regional innovation and competitiveness.
Key Facts
- Georgetown County, SC has seen a steady increase in utility patents in recent years.
- The county's patent activity is above the national average for its population size.
- Key industries driving patent growth include manufacturing and advanced materials.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in Georgetown County, South Carolina. Utility patents cover new and useful inventions, indicating the level of technological innovation in the county.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents at the county level provides insights into regional innovation and entrepreneurial activity, which are important factors for economic development, competitiveness, and technological progress.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Q: How is this trend used in economic policy?
A: Policymakers, economic development organizations, and researchers use this trend to analyze regional innovation and competitiveness, and to inform strategies for fostering a thriving entrepreneurial ecosystem.
Q: Are there update delays or limitations?
A: There may be some delay in the reporting of patent data, as it can take time for applications to be processed and granted. Additionally, the data only reflects patents granted, not all patent applications filed.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Georgetown County, SC (PATENTCOUNTY45043), retrieved from FRED.