U.S. Granted Patents: Design Patents Originating in South Dakota
PATENTUSSDDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
216.67%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in South Dakota' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originated from inventors located in South Dakota. This provides insight into innovation and technological development 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
Design patents protect the ornamental or aesthetic aspects of an invention, distinct from utility patents that cover the functional elements. Tracking design patents by state can indicate regional differences in innovation and commercialization of new products and technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and examination process.
Historical Context
Policymakers and economic development analysts use this metric to assess South Dakota's innovative capacity and competitiveness.
Key Facts
- South Dakota accounted for 0.2% of all U.S. design patents in 2021.
- Design patents from South Dakota have grown by 50% over the past decade.
- Manufacturing is the top industry for design patents originating in South Dakota.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Design Patents Originating in South Dakota' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of innovation and technological development occurring within South Dakota, which is useful for policymakers, economic development agencies, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and examination process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development analysts use this metric to assess South Dakota's innovative capacity and competitiveness relative to other states, which can inform investment, education, and workforce development strategies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data, as it takes time for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in South Dakota (PATENTUSSDDESIGN), retrieved from FRED.