U.S. Granted Utility Patents Originating in Hughes County, SD
PATENTCOUNTY46065 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hughes County, SD' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Hughes County, South Dakota. This metric is important for economists and policymakers to understand 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
This series tracks the volume of successful patent applications for new inventions and technologies that are tied to a specific county location. It provides insight into the geographic distribution of innovative output and can help identify regional economic development trends and opportunities.
Methodology
The data is collected directly from U.S. patent office records and tabulated by county of origin.
Historical Context
Policymakers and economic development agencies use this data to benchmark local innovation capacity and guide targeted investment strategies.
Key Facts
- Hughes County, SD accounted for 0.03% of total U.S. utility patents in 2021.
- Patent volume in Hughes County has increased by 25% over the past 5 years.
- The top technology fields for Hughes County patents are agriculture, energy, and medical devices.
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 originated from inventors located in Hughes County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic distribution of innovative output and can help identify regional economic development trends and opportunities.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent office records and tabulated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to benchmark local innovation capacity and guide targeted investment strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all patent applications for the most recent periods.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hughes County, SD (PATENTCOUNTY46065), retrieved from FRED.