U.S. Granted Patents: Reissue Patents Originating in Texas
PATENTUSTXREISSUE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-31.82%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Reissue Patents Originating in Texas' series tracks the number of reissued patents granted to inventors and companies based in Texas. This metric is a key indicator of innovative activity and technological progress 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
Reissue patents are granted when the original patent has a defect or needs to be modified. Tracking the volume of reissue patents originating in Texas provides insight into the state's technological dynamism and the commercialization of new inventions.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this series to assess Texas' competitiveness in technology and R&D.
Key Facts
- Texas led all U.S. states in reissue patents in 2021.
- Reissue patents account for around 2% of total U.S. patent grants.
- The number of reissue patents in Texas has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of reissue patents granted to inventors and companies based in the state of Texas. Reissue patents are issued when the original patent needs to be modified or corrected.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the volume of reissue patents originating in Texas provides insights into the state's technological dynamism and the commercialization of new inventions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess Texas' competitiveness in technology and R&D.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Reissue Patents Originating in Texas (PATENTUSTXREISSUE), retrieved from FRED.