U.S. Granted Utility Patents Originating in Nueces County, TX

PATENTCOUNTY48355 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

26.00

Year-over-Year Change

85.71%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Nueces County, TX' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Nueces County, Texas. This metric is important for economists and policymakers to assess regional innovation and technological development.

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 tracks the number of utility patents, which are a type of intellectual property protection for new and useful inventions, that are granted to inventors residing in Nueces County, Texas. It serves as a proxy for the innovative capacity and technological output of this local area.

Methodology

The data is collected and reported by the U.S. Patent and Trademark Office.

Historical Context

This metric is often used by economists, regional development agencies, and policymakers to evaluate the innovation ecosystem and technological competitiveness of specific geographic areas.

Key Facts

  • Nueces County, TX is home to the city of Corpus Christi.
  • Utility patents protect new and useful inventions, processes, and machines.
  • Patents originating in Nueces County account for a small fraction of total U.S. utility patents.

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 Nueces County, Texas.

Q: Why is this trend relevant for users or analysts?

A: This metric serves as a proxy for the innovative capacity and technological development within the Nueces County region, which is of interest to economists, policymakers, and regional development agencies.

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: This trend is used by economists, regional development agencies, and policymakers to evaluate the innovation ecosystem and technological competitiveness of the Nueces County, Texas area.

Q: Are there update delays or limitations?

A: There may be delays in reporting due to the administrative process of granting patents, and the data only represents utility patents originating from Nueces County.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Nueces County, TX (PATENTCOUNTY48355), retrieved from FRED.