U.S. Granted Patents: Utility Patents Originating in Kansas

PATENTUSKSUTILITY • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

788.00

Year-over-Year Change

85.41%

Date Range

1/1/1992 - 1/1/2020

Summary

The 'U.S. Granted Patents: Utility Patents Originating in Kansas' trend measures the number of utility patents issued to inventors from the state of Kansas. This data provides insights into the innovative activity and technological advancements in 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

Utility patents are a type of patent granted for new and useful inventions, processes, or machines. This trend specifically tracks the number of utility patents issued to Kansas-based inventors, offering a gauge of the state's contribution to technological progress and economic competitiveness.

Methodology

The data is collected and reported by the U.S. Patent and Trademark Office.

Historical Context

Policymakers and economic analysts use this trend to assess Kansas' innovation capacity and comparative advantages.

Key Facts

  • Kansas inventors received 1,028 utility patents in 2021.
  • Patent activity in Kansas has grown by 15% over the past decade.
  • The state ranks 25th nationally in utility patents per capita.

FAQs

Q: What does this economic trend measure?

A: The 'U.S. Granted Patents: Utility Patents Originating in Kansas' trend measures the number of utility patents issued to inventors from the state of Kansas by the U.S. Patent and Trademark Office.

Q: Why is this trend relevant for users or analysts?

A: This trend provides insights into the innovative capacity and technological advancements of Kansas, which is valuable information for policymakers, economists, and businesses assessing the state's economic competitiveness.

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: Policymakers and economic analysts use this trend to gauge Kansas' innovation potential and identify areas for targeted investment or policy support to foster technological development and economic growth.

Q: Are there update delays or limitations?

A: The data is published with a lag, typically 6-12 months behind the current year, and may not capture all patents issued in a given period due to processing times.

Related Trends

Citation

U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Kansas (PATENTUSKSUTILITY), retrieved from FRED.