U.S. Granted Utility Patents Originating in Richland County, WI
PATENTCOUNTY55103 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Richland County, WI' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors residing in Richland County, Wisconsin. This provides insight into local innovation and technological development.
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 key indicator of inventive activity and technological progress. Tracking the number of patents originating from a specific county can shed light on regional innovation trends, which are of interest to economists, policymakers, and business leaders.
Methodology
The data is collected by the U.S. Patent and Trademark Office and made available through the Federal Reserve Economic Data (FRED) portal.
Historical Context
This patent data is used to assess the innovative capacity and competitiveness of local economies.
Key Facts
- Richland County, WI is home to over 17,000 residents.
- The county has seen an average of 25 utility patents granted per year since 2010.
- Patent activity in the county is dominated by the manufacturing and agricultural sectors.
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 originate from inventors residing in Richland County, Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of inventive activity and technological progress, so tracking patent origination at the county level provides insights into regional innovation and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and made available through the Federal Reserve Economic Data (FRED) portal.
Q: How is this trend used in economic policy?
A: Patent data is used by economists, policymakers, and business leaders to assess the innovative capacity and competitiveness of local and regional economies.
Q: Are there update delays or limitations?
A: There may be lags in reporting as the patent application and granting process can take time, and the data is limited to utility patents originating in Richland County, WI.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Richland County, WI (PATENTCOUNTY55103), retrieved from FRED.