U.S. Granted Patents: Total Patents Originating in Florida
PATENTUSFLTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,513.00
Year-over-Year Change
96.33%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Florida' metric tracks the total number of patents granted to inventors and organizations based in the state of Florida. This data is important for understanding Florida's innovation and technological competitiveness.
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 represents the total volume of utility patents, design patents, and plant patents originating from Florida. It serves as a key indicator of the state's research and development activity, technological capabilities, and entrepreneurial dynamism.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is closely monitored by economic development agencies, venture capitalists, and policymakers to assess Florida's innovation climate and technological progress.
Key Facts
- Florida ranks 4th among U.S. states for total patents granted.
- Patent activity in Florida has grown by 25% over the past decade.
- Top patent-producing industries in Florida include aerospace, pharmaceuticals, and software.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of utility, design, and plant patents granted to inventors and organizations based in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: The volume of patents originating in Florida is a key indicator of the state's innovation capacity, technological competitiveness, and entrepreneurial dynamism.
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: Economic development agencies, venture capitalists, and policymakers closely monitor this metric to assess Florida's innovation climate and guide strategies to support technological progress.
Q: Are there update delays or limitations?
A: The data is reported with a 1-2 quarter lag by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Florida (PATENTUSFLTOTAL), retrieved from FRED.