U.S. Granted Utility Patents Originating in Lawrence, KS (MSA)
PATENTCBSA129940 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.00
Year-over-Year Change
188.89%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Lawrence, Kansas metropolitan statistical area (MSA). It provides insights into the region's innovative activity and technological progress.
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. Granted Utility Patents Originating in Lawrence, KS (MSA) metric tracks the total number of utility patents issued to inventors whose primary residence is located within the Lawrence, Kansas MSA. This data point is used by economists and policymakers to assess the region's competitiveness, research and development capabilities, and ability to translate innovation into commercial applications.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is relevant for understanding the economic and innovation landscape of the Lawrence, KS metropolitan area and its potential for future growth and investment.
Key Facts
- Lawrence, KS ranked 4th among U.S. metropolitan areas for utility patents per capita in 2021.
- The Lawrence MSA has seen a 25% increase in granted utility patents over the past 10 years.
- Technology and engineering are major drivers of the Lawrence, KS economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors whose primary residence is located within the Lawrence, Kansas metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the region's innovative activity, research and development capabilities, and ability to translate innovation into commercial applications, which are important factors for economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the economic and innovation landscape of the Lawrence, KS metropolitan area and inform decisions related to investment, economic development, and support for research and technology.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period, and may not capture the most recent changes in patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lawrence, KS (MSA) (PATENTCBSA129940), retrieved from FRED.