U.S. Granted Patents: Total Patents Originating in Nevada
PATENTUSNVTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,045.00
Year-over-Year Change
125.22%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Nevada' trend measures the total number of patents granted to inventors from Nevada by the U.S. Patent and Trademark Office. This metric is a key indicator of technological innovation and economic competitiveness 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 annual number of utility, design, and plant patents issued to Nevada-based inventors and businesses. It provides insight into the state's innovation capacity and ability to commercialize new technologies compared to other U.S. states.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office based on the state of origin of each granted patent.
Historical Context
Policymakers and business leaders use this trend to benchmark Nevada's performance in technology-driven economic development relative to other states.
Key Facts
- Nevada's total patents granted have increased by over 40% in the past decade.
- The majority of Nevada's patents are in the fields of computer technology and medical devices.
- Nevada ranks 30th among U.S. states for total patents granted per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility, design, and plant patents granted to inventors and businesses based in the state of Nevada by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Nevada's innovation capacity and competitiveness in technology-driven industries compared to other states.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office based on the state of origin of each granted patent.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this trend to benchmark Nevada's performance in technology-driven economic development and guide investments in innovation ecosystems.
Q: Are there update delays or limitations?
A: The data is published annually with a several month lag, so it may not reflect the most current innovation activity in Nevada.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Nevada (PATENTUSNVTOTAL), retrieved from FRED.