U.S. Granted Utility Patents Originating in McPherson County, SD
PATENTCOUNTY46089 • 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 McPherson County, SD' trend tracks the number of utility patents granted to inventors residing in McPherson County, South Dakota. This metric provides insight into the region's innovation and technological 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
Utility patents are a key indicator of innovative capacity and technological progress within a geographic area. Tracking patent grants in McPherson County, South Dakota can help economists and policymakers assess the county's competitiveness, R&D investment, and potential for future economic growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Utility patent counts are used by government agencies, academics, and businesses to benchmark innovation and inform economic development strategies.
Key Facts
- McPherson County, SD had 23 utility patents granted in 2020.
- Patent grants in the county peaked at 34 in 2015.
- The county's patent activity accounts for less than 0.1% of the U.S. total.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted to inventors residing in McPherson County, South Dakota. Utility patents represent new, useful, and non-obvious inventions.
Q: Why is this trend relevant for users or analysts?
A: Utility patent counts are a key indicator of innovation and technological progress within a geographic area. Tracking this data in McPherson County can provide insights into the region's competitiveness, R&D investment, and economic growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office, which tracks all utility patent grants by county of origin.
Q: How is this trend used in economic policy?
A: Government agencies, academics, and businesses use utility patent counts to benchmark innovation and inform economic development strategies, such as targeted investments in R&D and technology.
Q: Are there update delays or limitations?
A: The data is subject to reporting lags, as it takes time for patent applications to be processed and granted. Additionally, the county-level granularity may mask variation within larger geographic regions.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in McPherson County, SD (PATENTCOUNTY46089), retrieved from FRED.