U.S. Granted Utility Patents Originating in Wichita Falls, TX (MSA)
PATENTCBSA148660 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Wichita Falls, TX metropolitan statistical area (MSA). It provides insights into the region's innovative activity and technological development.
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 Wichita Falls, TX (MSA) tracks the total number of utility patents awarded to inventors from this specific geographic area. Utility patents protect new and useful inventions, making this data point a valuable indicator of the region's technological capabilities and economic competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated at the MSA level.
Historical Context
This trend is used by policymakers, economic development agencies, and businesses to understand the innovation ecosystem and investment potential of the Wichita Falls region.
Key Facts
- Wichita Falls, TX is home to over 104,000 residents.
- In 2021, the region saw 58 utility patents granted.
- Patent activity in Wichita Falls has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Wichita Falls, TX metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the innovative activity and technological development of the Wichita Falls region, which is valuable information for policymakers, economic development agencies, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated at the MSA level.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economic development agencies, and businesses to understand the innovation ecosystem and investment potential of the Wichita Falls region.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis with a 1-2 quarter delay.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wichita Falls, TX (MSA) (PATENTCBSA148660), retrieved from FRED.