U.S. Granted Utility Patents Originating in Tipton County, IN
PATENTCOUNTY18159 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
950.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Tipton County, IN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated in Tipton County, Indiana. This metric is useful for assessing innovation and economic activity 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 granted to inventors residing in Tipton County, Indiana. Utility patents cover new and useful inventions, and the count serves as an indicator of technological innovation and entrepreneurial activity within the county.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations often use this metric to evaluate the innovative capacity and competitiveness of local regions.
Key Facts
- Tipton County is home to several manufacturing and technology companies.
- Patent activity can indicate a region's ability to commercialize new ideas.
- The U.S. granted over 333,000 utility patents in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Tipton County, Indiana.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is a key indicator of technological innovation and entrepreneurial activity, which are important for economic development 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: Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of Tipton County and similar local regions.
Q: Are there update delays or limitations?
A: The data is published with a lag, as the patent application and granting process can take time. Additionally, the data only reflects patents originating in Tipton County, which may not capture all innovative activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tipton County, IN (PATENTCOUNTY18159), retrieved from FRED.