U.S. Granted Patents: Total Patents Originating in Connecticut
This dataset tracks u.s. granted patents: total patents originating in connecticut over time.
Latest Value
3478.00
Year-over-Year Change
118.06%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Connecticut' trend measures the total number of patents granted to inventors and organizations based in the state of Connecticut by the U.S. Patent and Trademark Office. This metric is a key indicator of innovative activity and technological progress within the state.
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 data series tracks the total volume of patent grants for inventions and innovations originating from Connecticut. Patents are a crucial driver of economic growth, as they incentivize research, development, and the commercialization of new technologies. Analysts and policymakers monitor this trend to assess Connecticut's competitiveness and identify emerging industries.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and review process.
Historical Context
Patent activity is closely watched by economists, industry groups, and government agencies as a signal of a region's technological dynamism and potential for future economic development.
Key Facts
- Connecticut ranked 5th among U.S. states for total patents granted in 2021.
- Patents from Connecticut accounted for 3.2% of all U.S. patents issued in 2021.
- The number of patents originating in Connecticut has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Total Patents Originating in Connecticut' trend measures the total number of patents granted to inventors and organizations based in the state of Connecticut by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of innovative activity and technological progress within the state of Connecticut, which is closely watched by economists, industry groups, and government agencies as a signal of the state's competitiveness and potential for future economic development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and review process.
Q: How is this trend used in economic policy?
A: Patent activity is used by economists and policymakers to assess a region's technological dynamism and identify emerging industries that may drive future economic growth and development.
Q: Are there update delays or limitations?
A: The data is subject to the typical processing and publication timelines of the U.S. Patent and Trademark Office, which may result in some delay between the issuance of patents and their inclusion in the publicly reported statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Connecticut (PATENTUSCTTOTAL), retrieved from FRED.