U.S. Granted Patents: Total Patents Originating in Wisconsin
PATENTUSWITOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,939.00
Year-over-Year Change
52.99%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Wisconsin' trend measures the total number of patents granted by the U.S. Patent and Trademark Office that have origins in the state of Wisconsin. This statistic is a key indicator of technological innovation and economic competitiveness in the region.
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 data series tracks the number of utility patents, design patents, and plant patents originating from inventors and companies based in Wisconsin. Economists and policymakers monitor this metric to gauge the state's innovation capacity and identify opportunities for supporting research and development initiatives.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's public patent databases.
Historical Context
Patent activity is closely tied to productivity, job creation, and economic growth, making this a valuable indicator for assessing Wisconsin's technology and innovation landscape.
Key Facts
- Wisconsin was granted over 2,000 patents in 2021.
- Patent activity in Wisconsin has grown by 25% over the past decade.
- The top patenting industries in Wisconsin include manufacturing, healthcare, and information technology.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originate from inventors and companies based in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of technological innovation and economic competitiveness, making this statistic valuable for economists and policymakers assessing Wisconsin's innovation landscape.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's public patent databases.
Q: How is this trend used in economic policy?
A: This metric is used by economists, government agencies, and industry groups to monitor Wisconsin's innovation capacity and inform policies that support research, development, and entrepreneurship.
Q: Are there update delays or limitations?
A: The patent data is published with a slight delay, as it takes time for the U.S. Patent and Trademark Office to process and publish new patent grants.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Wisconsin (PATENTUSWITOTAL), retrieved from FRED.