U.S. Granted Utility Patents Originating in Mineral County, WV
PATENTCOUNTY54057 • 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 Mineral County, WV' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Mineral 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 economic indicator provides insight into the innovative activity and technological development occurring within Mineral County. Patent grants are a key measure of a region's ability to create and commercialize new inventions, which drives economic growth and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and regional economic development organizations use this metric to benchmark Mineral County's innovation performance.
Key Facts
- Mineral County averaged 8 utility patents per year from 2010-2020.
- West Virginia ranked 47th among U.S. states for utility patents in 2020.
- The U.S. granted over 350,000 utility patents in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Mineral County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Patent grants are a key indicator of a region's innovative capacity and technological development, which drives economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and regional economic development organizations use this metric to benchmark Mineral County's innovation performance and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patents originating from Mineral County due to limitations in geographic attribution.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Mineral County, WV (PATENTCOUNTY54057), retrieved from FRED.