U.S. Granted Utility Patents Originating in Brooke County, WV
PATENTCOUNTY54009 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Brooke County, WV' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that have inventors residing in Brooke County, West Virginia. This data provides insights into the innovative output 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
Utility patents are a type of patent granted for new and useful inventions, processes, machines, or compositions of matter. Tracking patents originating from a specific county helps economists and policymakers assess the technological capabilities and innovative activities within that local economy.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Utility patent trends are closely monitored by government agencies, academic researchers, and private sector analysts to gauge regional innovation and inform economic development strategies.
Key Facts
- Brooke County, WV is home to approximately 22,000 residents.
- The county's highest number of utility patents was recorded in 2015.
- Manufacturing is a key industry in Brooke County's local economy.
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 have inventors residing in Brooke County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking patents originating from a specific county helps economists and policymakers assess the technological capabilities and innovative activities within that local economy.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Utility patent trends are closely monitored by government agencies, academic researchers, and private sector analysts to gauge regional innovation and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential delays of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Brooke County, WV (PATENTCOUNTY54009), retrieved from FRED.