U.S. Granted Utility Patents Originating in York County, SC
PATENTCOUNTY45091 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
223.81%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in York County, SC' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in York County, South Carolina. This data provides insights into the innovative activity and technological development in the local economy.
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 of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating in a specific county can indicate the level of innovative activity and technological progress in that local area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
Policymakers and economic development organizations can use this data to assess the innovative capacity and competitiveness of a local economy.
Key Facts
- York County, SC was granted 283 utility patents in 2021.
- Patent activity in York County has grown by 15% over the past 5 years.
- The top technology sectors for York County patents are pharmaceuticals and computer hardware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in York County, South Carolina.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a specific county can indicate the level of innovative activity and technological progress in that local economy, which is relevant for policymakers and economic development organizations.
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 of origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations can use this data to assess the innovative capacity and competitiveness of the local York County economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in York County, SC (PATENTCOUNTY45091), retrieved from FRED.