U.S. Granted Utility Patents Originating in Sawyer County, WI
PATENTCOUNTY55113 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Sawyer County, WI' series tracks the number of utility patents granted to inventors from Sawyer County, Wisconsin. This provides insight into the region's innovative activity 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 protect new and useful inventions, representing key innovations with commercial applications. Tracking patents by county enables analysis of regional innovative capacity and technological specialization.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
Policymakers and economic development agencies use this data to assess a region's competitiveness and potential for growth.
Key Facts
- Sawyer County, WI averaged 15 utility patents per year from 2010-2020.
- Patents peaked at 25 in 2015, a 67% increase over the 2010 level.
- The county's patent activity is dominated by mechanical and electrical engineering innovations.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted to inventors residing in Sawyer County, Wisconsin. Utility patents protect new and useful inventions and innovations.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity by county provides insights into regional innovation, technological specialization, and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by the county of origin for the patent.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess a region's innovative capacity and potential for growth, informing strategies to support technological advancement.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in reporting county-level patent data due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sawyer County, WI (PATENTCOUNTY55113), retrieved from FRED.