U.S. Granted Utility Patents Originating in Isle of Wight County, VA
PATENTCOUNTY51093 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Isle of Wight County, VA' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have a listed inventor address in Isle of Wight County, Virginia. This data provides insights into 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 measures the patent activity and innovative output of Isle of Wight County, Virginia. Utility patents represent inventions that have met the criteria for a new, useful, and non-obvious innovation. Tracking patent data by county can reveal geographic trends in research, development, and commercialization of new technologies.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Patent data is used by policymakers, researchers, and businesses to assess regional innovation capacity and competitiveness.
Key Facts
- Isle of Wight County is located in southeastern Virginia.
- Utility patents represent 95% of all U.S. patents granted.
- The U.S. Patent and Trademark Office has issued over 11 million patents since 1790.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have a listed inventor address in Isle of Wight County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into regional innovation and technological development, which is important for understanding economic competitiveness and growth.
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: Patent data is used by policymakers, researchers, and businesses to assess regional innovation capacity and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Isle of Wight County, VA (PATENTCOUNTY51093), retrieved from FRED.