U.S. Granted Utility Patents Originating in Cooke County, TX
PATENTCOUNTY48097 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
333.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Cooke County, TX' series tracks the number of utility patents granted to inventors located in Cooke County, Texas. This metric provides insight into regional innovation and technology development trends.
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 measures the total number of utility patents granted by the U.S. Patent and Trademark Office to inventors whose legal residence is within Cooke County, Texas. Utility patents cover new and useful inventions, offering a view into the innovative capacity and technological progress of a given region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic analysts use this metric to assess the innovation ecosystem and competitiveness of Cooke County and surrounding areas.
Key Facts
- Cooke County, TX is home to over 40,000 residents.
- In 2021, 87 utility patents were granted to Cooke County inventors.
- The county's patent volume has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted to inventors located in Cooke County, Texas. Utility patents cover new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: The number of patents granted in a region provides insight into its innovative capacity and technological progress, which are key factors for economic competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to assess the innovation ecosystem and competitiveness of Cooke County and surrounding areas.
Q: Are there update delays or limitations?
A: The data is published with a lag, as patents must go through the application and approval process before being counted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Cooke County, TX (PATENTCOUNTY48097), retrieved from FRED.