U.S. Granted Utility Patents Originating in Oconto County, WI
PATENTCOUNTY55083 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Oconto County, WI' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have inventors residing in Oconto County, Wisconsin. This statistic is a key indicator of local innovation and technological progress.
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 protect new and useful inventions or improvements on existing technologies. Tracking patent grants by county provides insights into regional innovative capacity, which can inform economic development strategies and business investment decisions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Historical Context
Policymakers and business leaders use this metric to benchmark Oconto County's innovation performance relative to other regions.
Key Facts
- Oconto County averaged 16 utility patents per year from 2010-2020.
- Wisconsin ranks 20th among U.S. states for utility patents per capita.
- Patent activity can drive job creation and business growth in a region.
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 have inventors residing in Oconto County, Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides insights into local innovation and technological progress, which can inform economic development strategies and business investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this metric to benchmark Oconto County's innovation performance relative to other regions.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it takes time to process and aggregate patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Oconto County, WI (PATENTCOUNTY55083), retrieved from FRED.