U.S. Granted Utility Patents Originating in Saint Croix County, VI
PATENTCOUNTY78010 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Saint Croix County, VI' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Saint Croix County, U.S. Virgin Islands. This data provides insight into innovation and technological development within the region.
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 granted for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof. The 'U.S. Granted Utility Patents Originating in Saint Croix County, VI' data series is used by economists and policymakers to analyze regional innovation trends and the role of intellectual property in economic growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is relevant for understanding entrepreneurship, research and development, and the knowledge economy within the U.S. Virgin Islands.
Key Facts
- Saint Croix County, U.S. Virgin Islands is home to approximately 50,000 residents.
- In 2021, 15 utility patents were granted to inventors residing in Saint Croix County.
- The number of utility patents granted has fluctuated over the past decade, ranging from 10 to 25 per year.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Saint Croix County, VI' measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Saint Croix County, U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the innovative activity and technological development occurring within Saint Croix County, which is relevant for understanding the region's entrepreneurship, research and development, and knowledge economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze regional innovation trends and the role of intellectual property in economic growth within the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it takes time for the U.S. Patent and Trademark Office to process and report on new patent grants.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Saint Croix County, VI (PATENTCOUNTY78010), retrieved from FRED.