U.S. Granted Patents: Design Patents Originating in New Mexico
This dataset tracks u.s. granted patents: design patents originating in new mexico over time.
Latest Value
30.00
Year-over-Year Change
114.29%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in New Mexico' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originated from inventors located in the state of New Mexico. This metric is useful for analyzing regional innovation and entrepreneurial activity.
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
Design patents protect the unique ornamental or aesthetic aspects of a manufactured product. Tracking design patents by state provides insights into the distribution of innovative activity across different regions of the United States. The New Mexico-specific design patent data is a key indicator for understanding the state's competitiveness in product design and development.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and economic development agencies monitor this trend to gauge the innovative capacity and competitiveness of New Mexico relative to other states.
Key Facts
- New Mexico ranked 31st among U.S. states for design patents in 2021.
- Design patents accounted for 12% of all patents granted to New Mexico inventors in 2021.
- The number of design patents originating in New Mexico increased by 25% from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Design Patents Originating in New Mexico' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originated from inventors located in the state of New Mexico.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the innovative capacity and competitiveness of New Mexico relative to other states, which is useful for policymakers, economic development agencies, and analysts interested in regional economic trends.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this trend to gauge the innovative activity and entrepreneurial competitiveness of New Mexico, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as the U.S. Patent and Trademark Office processes additional patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in New Mexico (PATENTUSNMDESIGN), retrieved from FRED.