U.S. Granted Utility Patents Originating in Fairfax County, VA
PATENTCOUNTY51059 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446.00
Year-over-Year Change
124.12%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Fairfax County, VA' trend measures the number of utility patents granted to inventors based in Fairfax County, Virginia. This provides an indicator of innovation and technological development 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
This economic series tracks the number of utility patents awarded by the U.S. Patent and Trademark Office that were originated by inventors located in Fairfax County, Virginia. Utility patents cover new and useful inventions, so this metric can reflect the pace of technological innovation and research activity in the region.
Methodology
The data is collected directly from U.S. patent records by the Federal Reserve Bank of St. Louis.
Historical Context
Policymakers and economic analysts monitor this metric to gauge the innovative capacity and competitiveness of the Fairfax County economy.
Key Facts
- Fairfax County accounts for over 10% of all utility patents originating in Virginia.
- The number of patents granted annually in Fairfax County has more than doubled since 2000.
- High-tech industries like computer systems design and aerospace are major sources of patented innovations.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Fairfax County, VA' metric tracks the number of utility patents awarded to inventors based in Fairfax County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides an indicator of the pace of technological innovation and research activity in the Fairfax County economy, which is important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the Federal Reserve Bank of St. Louis.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts monitor this metric to gauge the innovative capacity and competitiveness of the Fairfax County economy.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of the most recent patent data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fairfax County, VA (PATENTCOUNTY51059), retrieved from FRED.