U.S. Granted Utility Patents Originating in Park County, WY
This dataset tracks u.s. granted utility patents originating in park county, wy over time.
Latest Value
8.00
Year-over-Year Change
60.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Park County, WY' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have an inventor with a primary residence in Park County, Wyoming.
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 metric for innovation and economic development in a given region. Monitoring patent activity in Park County, Wyoming provides insight into the county's technological capabilities and potential for growth.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the residence of inventors listed on granted utility patent applications.
Historical Context
Patent data is used by policymakers, economic development agencies, and investors to assess a region's innovation capacity and competitiveness.
Key Facts
- Park County, WY had 15 utility patents granted in 2021.
- Patent activity in Park County has increased by 25% over the past 5 years.
- Utility patents are a leading indicator of technological advancement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that list an inventor with a primary residence in Park County, Wyoming.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of technological innovation and economic competitiveness in a given region. Tracking utility patents originating in Park County provides insight into the county's innovation capacity and potential for growth.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office based on the residence of inventors listed on granted utility patent applications.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and investors use patent data to assess a region's innovation ecosystem and competitiveness, informing decisions around investment, workforce development, and strategic planning.
Q: Are there update delays or limitations?
A: There may be a several month delay between when a patent is granted and when it is reflected in the data, due to processing timelines at the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Park County, WY (PATENTCOUNTY56029), retrieved from FRED.