U.S. Granted Patents: Utility Patents Originating in South Carolina
PATENTUSSCUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,206.00
Year-over-Year Change
205.32%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the number of utility patents originating in South Carolina, which are a key indicator of innovation and technological advancement 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
Utility patents are a type of patent granted for new and useful inventions. The number of utility patents originating in South Carolina provides insight into the innovative capacity and technological progress of the state's economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic analysts use this trend to assess South Carolina's competitiveness and ability to foster technological innovation.
Key Facts
- South Carolina has seen a steady increase in utility patents over the past decade.
- The state's manufacturing and aerospace sectors are significant drivers of patent activity.
- Utility patents are an important metric for evaluating a region's competitiveness and ability to commercialize new technologies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the state of South Carolina. Utility patents are a type of patent granted for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents in a state is a key indicator of innovation and technological advancement, which are important factors for economic growth and competitiveness.
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: Policymakers and economic analysts use this trend to assess South Carolina's ability to foster technological innovation and commercialize new technologies, which are important for the state's economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a delay, and there may be limitations in capturing all patent activity originating in the state.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in South Carolina (PATENTUSSCUTILITY), retrieved from FRED.