U.S. Granted Utility Patents Originating in Liberty County, TX
PATENTCOUNTY48291 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Liberty County, TX' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Liberty County, Texas. This metric provides insight into the innovative activity and technological development within the region.
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 type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The number of utility patents originating from a specific county can indicate the level of technological innovation and entrepreneurship in that area.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economic development agencies, and businesses to assess the innovative capacity and competitiveness of a local economy.
Key Facts
- Liberty County, TX is located in southeastern Texas.
- The number of utility patents granted can indicate the level of technological innovation in a region.
- Patent data is collected and reported by the U.S. Patent and Trademark Office.
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 originated from Liberty County, Texas. Utility patents cover new and useful inventions, processes, or improvements.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county can provide insights into the level of technological innovation and entrepreneurship in that local economy, which is valuable information for policymakers, economic development agencies, and businesses.
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 the origin of utility patents granted.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this metric to assess the innovative capacity and competitiveness of the Liberty County, TX economy, informing decisions around investment, incentives, and strategies to foster entrepreneurship and technological development.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data, as the process of granting and recording patents can take time. Additionally, the data only reflects utility patents originating from Liberty County, TX and does not capture innovation occurring outside of the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Liberty County, TX (PATENTCOUNTY48291), retrieved from FRED.