U.S. Granted Patents: Total Patents Originating in Wyoming
This dataset tracks u.s. granted patents: total patents originating in wyoming over time.
Latest Value
159.00
Year-over-Year Change
287.80%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Wyoming' series measures the total number of patents granted by the U.S. Patent and Trademark Office that were filed by inventors based in the state of Wyoming. This metric is a key indicator of innovation and technological activity within the state's economy.
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 volume of patent grants to Wyoming-based inventors, providing insight into the state's inventive capacity and innovation ecosystem. Economists and policymakers analyze this metric to assess Wyoming's competitive position and identify opportunities to support research, development, and commercialization of new technologies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
The number of patents originating in a state is used to benchmark regional innovation and inform economic development strategies.
Key Facts
- Wyoming inventors received 305 U.S. patents in 2021.
- Patent volume in Wyoming has grown by 15% over the past 5 years.
- Wyoming ranks 49th among U.S. states for total patents granted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of U.S. patents granted to inventors based in the state of Wyoming, providing an indicator of innovation and technological activity within the state's economy.
Q: Why is this trend relevant for users or analysts?
A: The volume of patents originating in a state is a key metric for assessing a region's innovation capacity and competitiveness, which is valuable information for policymakers, economic development agencies, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office, which tracks the location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark Wyoming's innovation performance, identify areas for improvement, and inform strategies to support research, development, and commercialization of new technologies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data, as it takes time for the Patent and Trademark Office to process and report on patent applications.
Related News
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Wyoming (PATENTUSWYTOTAL), retrieved from FRED.