U.S. Granted Utility Patents Originating in Spokane County, WA
PATENTCOUNTY53063 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.00
Year-over-Year Change
67.74%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in Spokane County, Washington. It provides insight into innovation and technological development in the region.
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
The U.S. Granted Utility Patents Originating in Spokane County, WA trend tracks the total number of utility patents granted to inventors and organizations based in Spokane County. This metric serves as an indicator of the region's technological and innovative capacity.
Methodology
The data is collected by the U.S. Patent and Trademark Office and represents the total number of utility patents issued.
Historical Context
This trend is used by economists, policymakers, and businesses to assess the innovation ecosystem and competitiveness of Spokane County.
Key Facts
- Spokane County is home to several major universities and research institutions.
- Patent activity is a key indicator of technological progress and competitiveness.
- The U.S. Patent and Trademark Office grants utility patents for new and useful inventions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted to inventors and organizations based in Spokane County, Washington. It reflects the region's innovative capacity and technological development.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a critical indicator of innovation and competitiveness. This trend provides insights into Spokane County's technological ecosystem and its ability to generate new, useful inventions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and represents the total number of utility patents issued to Spokane County-based inventors and organizations.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and businesses use this trend to assess the innovation capacity and competitiveness of Spokane County, which informs decisions about investments, incentives, and strategies to promote technological advancement.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for the patent application and issuance process. Additionally, the data only reflects utility patents and does not include other forms of intellectual property protection.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Spokane County, WA (PATENTCOUNTY53063), retrieved from FRED.