U.S. Granted Patents: Utility Patents Originating in Connecticut
PATENTUSCTUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,259.00
Year-over-Year Change
140.34%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Connecticut' trend measures the number of utility patents granted to inventors and companies located in the state of Connecticut. This metric is a key indicator of innovation 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
Utility patents represent inventions and technological advancements that are new, useful, and non-obvious. Tracking the volume of utility patents originating in Connecticut provides insights into the state's innovation ecosystem, research and development capacity, and ability to commercialize new ideas.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this trend to benchmark Connecticut's performance relative to other states and assess the broader health of the state's innovation economy.
Key Facts
- Connecticut ranked 5th among U.S. states for utility patents in 2021.
- Utility patents from Connecticut have grown by 25% over the past decade.
- The top patent-producing industries in Connecticut include aerospace, pharmaceuticals, and software.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Connecticut' trend measures the number of utility patents granted to inventors and companies located in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Tracking the volume of utility patents originating in Connecticut provides insights into the state's innovation ecosystem, research and development capacity, and ability to commercialize new ideas.
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 economic development agencies use this trend to benchmark Connecticut's performance relative to other states and assess the broader health of the state's innovation economy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the end of each quarter.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Connecticut (PATENTUSCTUTILITY), retrieved from FRED.