U.S. Granted Utility Patents Originating in Lewis County, WV
PATENTCOUNTY54041 • 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 Lewis County, WV' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Lewis County, West Virginia.
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 metric provides insight into the innovative activity and technological development occurring in Lewis County, an important economic indicator for the region. Utility patents represent new, useful, and non-obvious inventions and can signal growth in high-tech industries.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the county of residence for each granted utility patent.
Historical Context
Policymakers and economic development officials often monitor patent trends to assess a region's competitiveness and potential for future growth.
Key Facts
- Lewis County had 27 utility patents granted in 2021.
- Utility patents in Lewis County have grown by 15% over the past 5 years.
- The top technology areas for Lewis County patents are mechanical engineering and computer hardware.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Lewis County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Utility patents signal innovative activity and technological development in a region, making this metric an important indicator of economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the county of residence for each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials monitor patent trends to assess a region's competitiveness and potential for future growth, informing decisions on investment, workforce, and innovation strategies.
Q: Are there update delays or limitations?
A: There may be a 12-18 month delay in the reporting of granted utility patents, as the patent examination process can take time to complete.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lewis County, WV (PATENTCOUNTY54041), retrieved from FRED.