U.S. Granted Patents: Design Patents Originating in the District of Columbia
PATENTUSDCDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
600.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in the District of Columbia' series measures the number of design patents granted to inventors residing in Washington, D.C. This data provides insights into innovation and technological development in the nation's capital.
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
Design patents protect the ornamental design of a useful article. This series tracks the volume of design patents granted to District of Columbia residents, offering a window into the region's inventive output and commercial potential.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policy makers and economists use this metric to monitor innovation and entrepreneurship in the Washington, D.C. metro area.
Key Facts
- Design patents protect ornamental product designs.
- Washington, D.C. is a major hub for innovative activity.
- The U.S. Patent and Trademark Office issues all U.S. patents.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of design patents granted to inventors residing in Washington, D.C. Design patents protect the ornamental aspects of a product.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into innovation and technological development in the nation's capital, which is a major hub for economic and policy activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policy makers and economists use this metric to monitor innovation and entrepreneurship in the Washington, D.C. metro area.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve, but may be subject to revisions or delays in reporting from the source agency.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in the District of Columbia (PATENTUSDCDESIGN), retrieved from FRED.