U.S. Granted Patents: Total Patents Originating in Indiana
PATENTUSINTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,529.00
Year-over-Year Change
111.63%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Indiana' series measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors located in the state of Indiana. This data is an important indicator of innovative activity 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
This series tracks the volume of successful patent applications filed by Indiana-based inventors and companies. Patents are a key metric of a region's ability to generate new ideas, products, and inventions that can drive economic growth and competitiveness.
Methodology
The data is collected and compiled by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this data to assess Indiana's innovative capacity and competitiveness relative to other states.
Key Facts
- Indiana accounts for approximately 2% of total U.S. patents granted.
- Patent volumes in Indiana have grown by 25% over the past decade.
- The top patenting industries in Indiana include automotive, pharmaceuticals, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors located in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Patents are a key indicator of innovation and technological progress within a region, so this data is useful for assessing Indiana's competitiveness and economic development potential.
Q: How is this data collected or calculated?
A: The data is collected and compiled 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 data to understand Indiana's innovative capacity and benchmark the state's performance against other regions.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the granting of patents and their inclusion in the published data.
Related Trends
U.S. Granted Patents: Plant Patents Originating in Israel
PATENT4NILPLANT
U.S. Granted Utility Patents Originating in Juneau County, WI
PATENTCOUNTY55057
U.S. Granted Utility Patents Originating in Haralson County, GA
PATENTCOUNTY13143
U.S. Granted Patents: Total Patents Originating in Nigeria
PATENT4NNGTOTAL
U.S. Granted Utility Patents Originating in Stokes County, NC
PATENTCOUNTY37169
U.S. Granted Patents: Design Patents Originating in Colorado
PATENTUSCODESIGN
Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Indiana (PATENTUSINTOTAL), retrieved from FRED.