U.S. Granted Utility Patents Originating in Walworth County, SD
PATENTCOUNTY46129 • 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 Walworth County, SD' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors in Walworth 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 trend provides insight into innovation and technological development in Walworth County, a rural county in South Dakota. The number of utility patents granted to local inventors is an indicator of entrepreneurial activity, research and development, and the commercial viability of new inventions.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
This metric is used by economists, policymakers, and local development agencies to assess the innovation capacity and commercial potential of Walworth County's economy.
Key Facts
- Walworth County, SD has a population of around 5,500 people.
- The county's largest industry is agriculture, including crops and livestock.
- Utility patents measure commercial inventions, not just academic research.
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 residing in Walworth County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a local area is an indicator of innovation, entrepreneurial activity, and the commercial potential of new inventions and technologies.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's patent application and granting process.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and local development agencies use this metric to assess the innovation capacity and commercial potential of Walworth County's economy.
Q: Are there update delays or limitations?
A: There may be delays in reporting new patent grants, as the patent application and review process can take time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Walworth County, SD (PATENTCOUNTY46129), retrieved from FRED.