U.S. Granted Patents: Utility Patents Originating in Oregon
PATENTUSORUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,192.00
Year-over-Year Change
79.23%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Oregon' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in the state of Oregon. This metric is important for analyzing 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
Utility patents represent inventions that are new, useful, and non-obvious. Tracking the number of utility patents originating in Oregon provides insights into the state's innovation ecosystem, technological competitiveness, and potential for future economic growth.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed location of the inventor on granted patent applications.
Historical Context
Policymakers and economic development agencies use this trend to inform decisions around funding, incentives, and initiatives to support innovation and entrepreneurship in Oregon.
Key Facts
- Oregon ranked 10th among U.S. states for utility patents granted in 2021.
- The number of utility patents originating in Oregon has grown by 25% over the past decade.
- High-tech industries like computer hardware and software account for the majority of Oregon's utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents originating in Oregon provides insights into the state's innovation ecosystem, technological competitiveness, and potential for future economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed location of the inventor on granted patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to inform decisions around funding, incentives, and initiatives to support innovation and entrepreneurship in Oregon.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Oregon (PATENTUSORUTILITY), retrieved from FRED.