U.S. Granted Patents: Total Patents Originating in Idaho
PATENTUSIDTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,213.00
Year-over-Year Change
0.50%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the total number of patents originating in the U.S. state of Idaho. It provides insights into the innovative activity and technological development 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
The U.S. Granted Patents: Total Patents Originating in Idaho data series tracks the total number of patents issued by the U.S. Patent and Trademark Office that are attributed to inventors or organizations located in the state of Idaho. This metric is used by economists and policymakers to assess the state's relative innovation capacity and technological competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and approval process.
Historical Context
Trends in Idaho's patenting activity are closely monitored by state economic development agencies and businesses to benchmark the state's innovation ecosystem.
Key Facts
- Idaho ranked 36th among U.S. states for total patents granted in 2021.
- The number of patents originating in Idaho has grown by 20% over the past decade.
- Computer technology and medical devices are the top patenting sectors in Idaho.
FAQs
Q: What does this economic trend measure?
A: The U.S. Granted Patents: Total Patents Originating in Idaho data series tracks the total number of patents issued by the U.S. Patent and Trademark Office that are attributed to inventors or organizations located in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative activity and technological development within the state of Idaho, which is closely monitored by economic development agencies and businesses to benchmark the state's innovation ecosystem.
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 approval process.
Q: How is this trend used in economic policy?
A: Trends in Idaho's patenting activity are used by state economic development agencies and businesses to assess the state's relative innovation capacity and technological competitiveness, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The patent data is published with a slight delay, typically a few months after the end of the reporting period. There may also be minor revisions to historical data as the U.S. Patent and Trademark Office processes additional applications.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Idaho (PATENTUSIDTOTAL), retrieved from FRED.