U.S. Granted Utility Patents Originating in Harris County, TX
This dataset tracks u.s. granted utility patents originating in harris county, tx over time.
Latest Value
1429.00
Year-over-Year Change
100.98%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Harris County, Texas. It provides insight into the innovative activity and technological development within this major metropolitan area.
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
The U.S. Granted Utility Patents Originating in Harris County, TX series measures the volume of successful patent applications from inventors and companies based in Harris County, which encompasses the Houston metropolitan region. This metric is used by economists and policymakers to assess the local innovation ecosystem and potential for economic growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
Tracking patent activity is relevant for understanding regional competitiveness, investment trends, and the commercialization of new technologies.
Key Facts
- Harris County, TX ranked 3rd among U.S. counties for granted utility patents in 2021.
- Patents originating in Harris County have grown by over 50% in the past decade.
- The leading patent classes for Harris County include medical devices, computer hardware, and oil & gas technologies.
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 originate from Harris County, Texas.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity provides insights into the innovative capacity and technological development within a regional economy, which is crucial for understanding competitiveness and 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 based on the geographic origin of patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to track the commercialization of new technologies and identify areas of strength within the local innovation ecosystem.
Q: Are there update delays or limitations?
A: There may be a several month delay in reporting the latest patent data due to the time required for application processing and geographic attribution.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Harris County, TX (PATENTCOUNTY48201), retrieved from FRED.