U.S. Granted Utility Patents Originating in Ward County, TX
This dataset tracks u.s. granted utility patents originating in ward county, tx over time.
Latest Value
2.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Ward County, TX' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have origins in Ward County, Texas. This metric is a key indicator of technological innovation and entrepreneurial activity in the local economy.
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 new and useful inventions, designs, or improvements. The number of utility patents originating in a particular county provides insights into the level of innovative capacity and technological development within that local economy.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development analysts use this metric to assess the competitiveness and growth potential of regional technology and innovation ecosystems.
Key Facts
- Ward County is located in western Texas.
- Utility patents account for the majority of all patents granted in the U.S.
- Patent activity is a leading indicator of technological and entrepreneurial dynamism.
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 Ward County, Texas.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a county is an important indicator of technological innovation and entrepreneurial capacity within the local economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development analysts use this metric to assess the competitiveness and growth potential of regional technology and innovation ecosystems.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be a delay in observing the most recent trends.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Ward County, TX (PATENTCOUNTY48475), retrieved from FRED.