U.S. Granted Utility Patents Originating in Thurston County, WA
PATENTCOUNTY53067 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.00
Year-over-Year Change
53.57%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in Thurston County, Washington. It provides insights into innovation and technological developments 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
The U.S. Granted Utility Patents Originating in Thurston County, WA trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office (USPTO) to inventors and companies located in Thurston County. It is an indicator of the county's innovative capacity and technological progress.
Methodology
The data is collected by the USPTO based on the geographic location of patent applicants.
Historical Context
This trend is used by economists, policymakers, and business leaders to assess the innovation climate and competitiveness of the Thurston County economy.
Key Facts
- Thurston County, WA is home to the state capital, Olympia.
- The county has a diverse economy including government, education, and technology sectors.
- Patent data provides a leading indicator of the area's technological and entrepreneurial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from Thurston County, Washington. Utility patents protect new and useful inventions, processes, or improvements.
Q: Why is this trend relevant for users or analysts?
A: The number of granted utility patents is a key indicator of the innovative capacity and technological progress within a regional economy. It provides insights into the competitiveness and entrepreneurial climate of Thurston County.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and business leaders use this trend to assess Thurston County's innovation ecosystem and develop strategies to support technology-driven growth.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of patent data due to the time required for application processing and issuance by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Thurston County, WA (PATENTCOUNTY53067), retrieved from FRED.