U.S. Granted Patents: Total Patents Originating in Missouri
PATENTUSMOTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,657.00
Year-over-Year Change
110.81%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Missouri' trend measures the total number of patents granted to inventors and organizations located in the state of Missouri by the United States Patent and Trademark Office. This data provides insights into the innovation 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
This series tracks the total number of patents originating from Missouri, which serves as an indicator of the state's entrepreneurial activity, research capacity, and technological advancements. The data is used by economists, policymakers, and business analysts to evaluate Missouri's competitiveness and innovation potential relative to other states.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and economic development agencies use this data to inform policies and programs aimed at fostering innovation and supporting Missouri's technology sector.
Key Facts
- Missouri ranked 18th among U.S. states for total patents granted in 2021.
- The number of patents originating in Missouri has grown by 25% over the past decade.
- The top patenting industries in Missouri include aerospace, agriculture, and life sciences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted to inventors and organizations located in the state of Missouri by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the innovation and technological development within Missouri, which is useful for policymakers, economic development agencies, and business analysts.
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 granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to inform policies and programs aimed at fostering innovation and supporting Missouri's technology sector.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Missouri (PATENTUSMOTOTAL), retrieved from FRED.