U.S. Granted Patents: Total Patents Originating in Maine
PATENTUSMETOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.00
Year-over-Year Change
67.65%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Maine' trend measures the total number of patents granted to inventors from the state of Maine. This metric is a key indicator of innovative activity and technological progress within the state's 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
This data series tracks the total number of utility patents, design patents, and plant patents granted to Maine-based inventors by the United States Patent and Trademark Office (USPTO). The trend is used by economists and policymakers to assess Maine's relative competitiveness in fostering new inventions and R&D investment.
Methodology
The data is collected by the USPTO based on the listed state of residence for each patent recipient.
Historical Context
Patent activity is closely monitored as a proxy for innovation, productivity, and economic growth.
Key Facts
- Maine accounts for less than 1% of total US patents granted.
- Patent activity peaked in Maine in 2015 with over 300 patents.
- Patent trends often lag behind broader economic cycles.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Total Patents Originating in Maine' trend measures the total number of patents granted to inventors from the state of Maine by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of innovative activity and technological progress within Maine's economy, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the USPTO based on the listed state of residence for each patent recipient.
Q: How is this trend used in economic policy?
A: Patent activity is closely watched as a proxy for innovation, productivity, and economic growth, informing policy decisions at the state and national level.
Q: Are there update delays or limitations?
A: Patent data can have a natural lag due to the time required for application, review, and approval processes.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Maine (PATENTUSMETOTAL), retrieved from FRED.