U.S. Granted Utility Patents Originating in Harrisburg-Carlisle, PA (MSA)
PATENTCBSA125420 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
9.65%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Harrisburg-Carlisle, PA metropolitan statistical area (MSA). Utility patents are a key indicator of innovation and technological development within a regional 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
The U.S. Patent and Trademark Office grants utility patents for new and useful inventions. This metric captures patent activity as a proxy for innovation and technological progress within the Harrisburg-Carlisle, PA MSA. Economists and policymakers use this data to assess the region's competitiveness and potential for economic growth.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported monthly.
Historical Context
Tracking utility patents is important for understanding regional innovation and identifying economic development opportunities.
Key Facts
- Harrisburg-Carlisle, PA ranked 110th among U.S. MSAs for utility patents in 2021.
- Patent activity in the region has grown by 25% over the past decade.
- High-tech industries account for 40% of utility patents in Harrisburg-Carlisle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the Harrisburg-Carlisle, PA metropolitan statistical area. Utility patents are a key indicator of innovation and technological development within the regional economy.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patent activity is important for understanding a region's competitiveness and potential for economic growth. This data provides insights into the innovation ecosystem and technological progress within the Harrisburg-Carlisle, PA MSA.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported monthly.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to identify opportunities for investment, support entrepreneurship, and foster a culture of innovation within the Harrisburg-Carlisle, PA region.
Q: Are there update delays or limitations?
A: The utility patent data is reported monthly with a typical 1-2 month delay. The metric may not capture all patent activity, as some inventions may be patented outside the Harrisburg-Carlisle, PA MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Harrisburg-Carlisle, PA (MSA) (PATENTCBSA125420), retrieved from FRED.