U.S. Granted Patents: Utility Patents Originating in Hawaii
PATENTUSHIUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.00
Year-over-Year Change
83.12%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Hawaii' trend measures the number of utility patents granted to inventors residing in the state of Hawaii. This data provides insights into innovation and technological development within the Hawaiian economy.
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 intellectual property right granted to inventions that are new, useful, and non-obvious. This series tracks the volume of utility patent grants specifically for inventors based in Hawaii, which can be used to analyze regional innovation trends and entrepreneurial activity.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies often use patent data to evaluate the competitiveness and technological capabilities of regional economies.
Key Facts
- Hawaii has accounted for around 0.5% of total U.S. utility patents in recent years.
- The number of utility patents originating in Hawaii has increased by over 50% since the early 2000s.
- Top patenting industries for Hawaii include medical devices, renewable energy, and computer software.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Hawaii' trend tracks the number of utility patents granted to inventors residing in the state of Hawaii by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This patent data provides insights into the innovation and technological capabilities of the Hawaiian economy, which is useful for policymakers, economic development agencies, and analysts studying regional economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often use patent data like this to evaluate the innovative capacity and technological strengths of regional economies, informing economic policies and programs.
Q: Are there update delays or limitations?
A: There may be several months of delay between when patents are granted and when the data is published and updated in this series.
Related Trends
Real Per Capita Personal Income for Hawaii
HIRPIPC
Gross Domestic Product: Construction (23) in Hawaii
HICONSTNGSP
New Private Housing Units Authorized by Building Permits for Hawaii
HIBPPRIV
Chain-Type Quantity Index for Real GDP: Furniture and Related Product Manufacturing (337) in Hawaii
HIFURNMANQGSP
Construction Wages and Salaries in Hawaii
HIWCON
Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Hawaii
HIPETCOALMANNGSP
Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Hawaii (PATENTUSHIUTILITY), retrieved from FRED.