U.S. Granted Patents: Design Patents Originating in Pennsylvania
PATENTUSPADESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
448.00
Year-over-Year Change
5.66%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Pennsylvania' trend measures the number of design patents issued by the U.S. Patent and Trademark Office that were filed by inventors located in the state of Pennsylvania. This provides insights into innovation and product development activity in 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
Design patents protect the ornamental, non-functional aspects of a new product or invention. Tracking design patents originating in Pennsylvania helps economists and policymakers understand the state's innovation climate and competitiveness in product design.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Monitoring design patent trends can inform state and federal policies aimed at supporting entrepreneurship, R&D, and economic development.
Key Facts
- Design patents protect ornamental product features.
- Pennsylvania ranks among top U.S. states for design patents.
- Design patent trends reflect product development activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents issued by the U.S. Patent and Trademark Office that were filed by inventors located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patents originating in Pennsylvania provides insights into the state's innovation climate and competitiveness in product design, which is relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Monitoring design patent trends can inform state and federal policies aimed at supporting entrepreneurship, R&D, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of patent applications and issuances by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Pennsylvania (PATENTUSPADESIGN), retrieved from FRED.