U.S. Granted Utility Patents Originating in Nolan County, TX
PATENTCOUNTY48353 • 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 Nolan County, TX' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Nolan County, Texas. This metric is an important indicator of regional innovation and technological progress.
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, manufacture, or composition of matter. The number of utility patents originating in a given county reflects the level of inventive activity and technological development in that region, which is a key factor in economic growth and competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and categorized by the county of origin for each granted utility patent.
Historical Context
Policymakers and economic development agencies use this trend to assess the innovation capacity and technological strengths of different regions within the United States.
Key Facts
- Nolan County, TX has seen a steady increase in utility patents granted over the past decade.
- The majority of patents originating in Nolan County are in the energy and manufacturing sectors.
- High levels of patenting activity are associated with greater economic dynamism and job creation.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Nolan County, TX' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Nolan County, Texas.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of regional innovation and technological progress, which are key drivers of economic growth and competitiveness. Policymakers and economic development agencies use this data to assess the innovation capacity of different regions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and categorized by the county of origin for each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to evaluate the innovation capacity and technological strengths of different regions within the United States, which informs decisions about investment, incentives, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few months after the end of the reference period. There may also be minor revisions to historical data as the U.S. Patent and Trademark Office processes additional patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Nolan County, TX (PATENTCOUNTY48353), retrieved from FRED.