U.S. Granted Utility Patents Originating in Galax City County, VA
PATENTCOUNTY51640 • 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 Galax City County, VA' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Galax City County, Virginia. This provides insight into the region's 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 data series tracks utility patents granted to inventors and businesses located in Galax City County, Virginia. Utility patents cover new and useful inventions, representing commercializable innovations that can drive economic growth and competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the legal address of patent applicants.
Historical Context
This metric is used by policymakers, economists, and regional development agencies to assess the innovation capacity and technological dynamism of Galax City County.
Key Facts
- Galax City County is a small, rural county in southwestern Virginia.
- Utility patents represent new, useful, and non-obvious inventions.
- Patent data is a key metric of a region's technological competitiveness.
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 originate from Galax City County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovation and technological development of Galax City County, which is useful for policymakers, economists, and regional development agencies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the legal address of patent applicants.
Q: How is this trend used in economic policy?
A: This metric is used to assess the innovation capacity and technological dynamism of Galax City County, which can inform regional economic development policies and strategies.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, and the metric only captures utility patents originating from Galax City County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Galax City County, VA (PATENTCOUNTY51640), retrieved from FRED.