U.S. Granted Utility Patents Originating in Hamilton County, TN
This dataset tracks u.s. granted utility patents originating in hamilton county, tn over time.
Latest Value
37.00
Year-over-Year Change
8.82%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hamilton County, TN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Hamilton County, Tennessee.
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 innovation and technological development activity within a specific geographic region. It is used by economists, policymakers, and businesses to assess the entrepreneurial and R&D climate of a local area.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records on granted utility patents.
Historical Context
Trends in patent activity are closely monitored as a proxy for regional economic competitiveness and growth.
Key Facts
- Hamilton County, TN accounted for 0.31% of all U.S. utility patents granted in 2021.
- Utility patent grants in Hamilton County peaked at 1,127 in 2015.
- The county's patent activity is above the national average for mid-sized metro areas.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Hamilton County, Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Trends in patent activity are a key indicator of regional innovation, entrepreneurship, and technological competitiveness.
Q: How is this data collected or calculated?
A: The data is directly sourced from U.S. Patent and Trademark Office records on granted utility patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor patent trends to assess the innovation ecosystem and competitiveness of local and regional economies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of complete patent data from the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hamilton County, TN (PATENTCOUNTY47065), retrieved from FRED.