U.S. Granted Patents: Utility Patents Originating in Arkansas
This dataset tracks u.s. granted patents: utility patents originating in arkansas over time.
Latest Value
453.00
Year-over-Year Change
319.44%
Date Range
1/1/1992 - 1/1/2020
Summary
This trend measures the number of utility patents originating in the U.S. state of Arkansas. Utility patents are a key indicator of technological innovation and economic development within a 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 a type of patent granted for new and useful inventions. The 'U.S. Granted Patents: Utility Patents Originating in Arkansas' series tracks the volume of utility patents filed by inventors located in Arkansas, providing insights into the state's technological capabilities and innovative activity.
Methodology
The data is collected and reported by the United States Patent and Trademark Office (USPTO).
Historical Context
Policymakers and economic analysts use this metric to assess Arkansas' competitiveness and success in fostering technological progress and entrepreneurship.
Key Facts
- Arkansas inventors were granted over 700 utility patents in 2021.
- Utility patent filings from Arkansas have grown by 25% in the past decade.
- Arkansas ranks 32nd among U.S. states for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in the U.S. state of Arkansas. Utility patents are a key indicator of technological innovation and new product development within the state.
Q: Why is this trend relevant for users or analysts?
A: The volume of utility patents originating in Arkansas provides valuable insights into the state's technological capabilities, entrepreneurial activity, and overall economic competitiveness. Policymakers and analysts use this metric to track Arkansas' innovation performance over time.
Q: How is this data collected or calculated?
A: The data is collected and reported by the United States Patent and Trademark Office (USPTO), the federal agency responsible for issuing patents and trademarks.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to assess Arkansas' success in fostering technological progress, entrepreneurship, and economic development. The data informs decisions around innovation-focused policies, R&D investment, and initiatives to support the state's technology sector.
Q: Are there update delays or limitations?
A: The USPTO publishes the utility patents data with a lag of several months, so the most recent figures may not reflect the latest developments. Additionally, the data only captures patents originating in Arkansas, not all patents held by Arkansas-based companies or individuals.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Arkansas (PATENTUSARUTILITY), retrieved from FRED.