U.S. Granted Patents: Total Patents Originating in Alabama
PATENTUSALTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
607.00
Year-over-Year Change
71.47%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Alabama' metric tracks the total number of patents granted to inventors based in the state of Alabama. This statistic is an important economic indicator for policymakers and analysts monitoring innovation and technological progress in 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
This series measures the total number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) to inventors with a legal residence in the state of Alabama. Patents are a key measure of technological innovation and can provide insights into the competitiveness and productivity of a region's economy.
Methodology
The data is collected and tabulated by the USPTO based on the state of residence of patent applicants.
Historical Context
Patent data is widely used by economists and policymakers to assess regional economic competitiveness and identify emerging technology trends.
Key Facts
- Alabama ranked 22nd among U.S. states for total patents granted in 2021.
- Patent activity in Alabama has grown by an average of 4% annually over the past decade.
- The top technology fields for Alabama patents are engineering, computer science, and chemistry.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of utility patents granted by the U.S. Patent and Trademark Office to inventors with a legal residence in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Patents are a key indicator of technological innovation and competitiveness, providing insights into the productivity and economic potential of a region.
Q: How is this data collected or calculated?
A: The data is collected and tabulated by the U.S. Patent and Trademark Office based on the state of residence of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economists use patent data to assess regional innovation, identify emerging technology trends, and inform strategies for promoting economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The patent data is published with a lag of several months, and may not capture the most recent trends. Additionally, the data only reflects utility patents, not other forms of intellectual property.
Related Trends
U.S. Granted Utility Patents Originating in Sherburne County, MN
PATENTCOUNTY27141
U.S. Granted Utility Patents Originating in Catoosa County, GA
PATENTCOUNTY13047
U.S. Granted Patents: Total Patents Originating in Alaska
PATENTUSAKTOTAL
U.S. Granted Utility Patents Originating in Oklahoma County, OK
PATENTCOUNTY40109
U.S. Granted Utility Patents Originating in Trenton-Ewing, NJ (MSA)
PATENTCBSA145940
U.S. Granted Utility Patents Originating in Shreveport-Bossier City, LA (MSA)
PATENTCBSA143340
Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Alabama (PATENTUSALTOTAL), retrieved from FRED.