U.S. Granted Patents: Total Patents Originating in New Jersey
PATENTUSNJTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,027.00
Year-over-Year Change
54.82%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the total number of patents originating in the U.S. state of New Jersey. It is an important indicator of innovation and technological activity 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
The U.S. Granted Patents: Total Patents Originating in New Jersey trend tracks the volume of patents issued to inventors and companies located in New Jersey. This data provides insights into the state's role in driving research, development, and technological advancements.
Methodology
The data is collected and reported by the United States Patent and Trademark Office.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess New Jersey's competitiveness and potential for future economic growth.
Key Facts
- New Jersey ranks among the top states for patent generation.
- Patent activity in New Jersey has grown steadily over the past decade.
- Key industries driving patent growth in New Jersey include pharmaceuticals, telecommunications, and advanced manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents originating from the U.S. state of New Jersey, which is an indicator of the state's innovation and technological activity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into New Jersey's competitiveness and potential for future economic growth, making it relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the United States Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess New Jersey's innovation ecosystem and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Patent and Trademark Office, but there may be some delays in reporting due to the nature of the patent application and issuance process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in New Jersey (PATENTUSNJTOTAL), retrieved from FRED.