U.S. Granted Patents: Utility Patents Originating in Mississippi
PATENTUSMSUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.00
Year-over-Year Change
61.76%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Mississippi' series measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the state of Mississippi. This metric is a key indicator of 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
Utility patents are a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The 'U.S. Granted Patents: Utility Patents Originating in Mississippi' series tracks this important measure of innovative output from the state.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this metric to assess the innovative capacity and technological competitiveness of the state of Mississippi.
Key Facts
- Mississippi ranked 29th among U.S. states for utility patents granted in 2021.
- The number of utility patents originating in Mississippi has grown by 20% over the past decade.
- Utility patents are a leading indicator of technological progress and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Mississippi' series measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of innovation and technological development within the state of Mississippi, which is important for policymakers and economists 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 economists use this metric to assess the innovative capacity and technological competitiveness of the state of Mississippi, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a slight delay as the U.S. Patent and Trademark Office processes and reports on patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Mississippi (PATENTUSMSUTILITY), retrieved from FRED.