U.S. Granted Utility Patents Originating in Gregory County, SD
PATENTCOUNTY46053 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Gregory County, SD' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from inventors located in Gregory County, South Dakota.
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 local innovation and technological activity within Gregory County. Utility patents represent new and useful inventions, so the volume of patents can reflect the entrepreneurial and R&D climate in a given region.
Methodology
The data is collected directly from U.S. patent records and tabulated by county of origin.
Historical Context
Policymakers and economic development agencies often monitor patent metrics to assess regional competitiveness and guide investment strategies.
Key Facts
- Gregory County, SD ranked 2,056th among U.S. counties for utility patents in 2021.
- The county averaged 1.3 utility patents per year from 2012-2021.
- Patent activity peaked in 2017 with 3 utility patents granted.
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 originate from inventors located in Gregory County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: The volume of utility patents in a region can provide insights into local innovation, technological development, and entrepreneurial activity, which are important factors for economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records and tabulated by the county of origin for the inventor.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often monitor patent metrics like this to assess regional competitiveness and guide investment strategies to support innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, as it can take time for the U.S. Patent and Trademark Office to process and publish new patent information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Gregory County, SD (PATENTCOUNTY46053), retrieved from FRED.