U.S. Granted Patents: Total Patents Originating in Tennessee
PATENTUSTNTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,494.00
Year-over-Year Change
87.22%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Tennessee' series tracks the total number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or organizations based in Tennessee. This metric provides insight into the state's innovative capacity and technological competitiveness.
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 economic indicator measures the total volume of patented inventions and innovations developed by individuals and companies located within the state of Tennessee. Patents are a key driver of economic growth and can signal a region's scientific research capabilities, entrepreneurial activity, and ability to commercialize new technologies.
Methodology
The data is collected and tabulated by the U.S. Patent and Trademark Office based on the listed state of residence or incorporation for patent applicants.
Historical Context
Policymakers and economic development agencies often use patent trends to benchmark a state's innovation ecosystem and guide strategies to foster technology-driven business growth.
Key Facts
- Tennessee ranked 17th nationally for total patents granted in 2021.
- Over 90% of Tennessee patents originated from the greater Nashville and Knoxville metro areas.
- Pharmaceutical and medical device technologies accounted for the largest share of Tennessee patents.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or organizations based in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Patents are a key driver of economic growth and can signal a region's innovative capacity, technological competitiveness, and ability to commercialize new inventions.
Q: How is this data collected or calculated?
A: The data is collected and tabulated by the U.S. Patent and Trademark Office based on the listed state of residence or incorporation for patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often use patent trends to benchmark a state's innovation ecosystem and guide strategies to foster technology-driven business growth.
Q: Are there update delays or limitations?
A: There is typically a 12-18 month lag in the reporting of patent data due to the application and approval process.
Related Trends
U.S. Granted Utility Patents Originating in Calhoun County, IA
PATENTCOUNTY19025
U.S. Granted Utility Patents Originating in Hamilton County, OH
PATENTCOUNTY39061
U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Pennsylvania
PATENTCBSA900942
U.S. Granted Utility Patents Originating in St. Louis, MO-IL (MSA)
PATENTCBSA141180
U.S. Granted Utility Patents Originating in Robeson County, NC
PATENTCOUNTY37155
U.S. Granted Patents: Total Patents Originating in Cote D'ivoire
PATENT4NCITOTAL
Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Tennessee (PATENTUSTNTOTAL), retrieved from FRED.