U.S. Granted Patents: Total Patents Originating in Oklahoma
PATENTUSOKTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
689.00
Year-over-Year Change
45.36%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Oklahoma' series tracks the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Oklahoma. This metric is a key indicator of innovative activity and technological advancement 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 provides insights into the level of research, development, and entrepreneurship taking place in Oklahoma. The total patents granted serves as a proxy for the state's capacity for innovation and ability to commercialize new technologies.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office based on the state of origin for each granted patent.
Historical Context
Policymakers and economic development agencies often use this metric to assess Oklahoma's competitiveness and ability to foster a thriving innovation ecosystem.
Key Facts
- Oklahoma accounts for approximately 1% of total U.S. patents granted.
- Patent activity in Oklahoma has grown by 25% over the past decade.
- The top patenting industries in Oklahoma include energy, aerospace, and biotechnology.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors based in the state of Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of innovative activity and technological development within Oklahoma, which is a key indicator of the state's economic competitiveness and growth potential.
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 for each granted patent.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess Oklahoma's capacity for innovation and ability to foster a thriving entrepreneurial ecosystem, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent patent activity in Oklahoma.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Oklahoma (PATENTUSOKTOTAL), retrieved from FRED.