U.S. Granted Utility Patents Originating in Golden Valley County, MT
PATENTCOUNTY30037 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Golden Valley County, MT' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Golden Valley County, Montana.
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
Utility patents are a type of patent that protect new and useful inventions, processes, machines, or compositions of matter. This metric provides insight into the innovation and entrepreneurial activity occurring in a specific county, which is valuable for economic development analysis and policymaking.
Methodology
The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Historical Context
Patent activity is a key indicator of a region's technological and economic competitiveness.
Key Facts
- Golden Valley County, MT has a population of under 1,000 people.
- The number of utility patents originating in the county has fluctuated between 0-5 per year since 2000.
- Nationwide, over 300,000 utility patents are granted annually.
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 to inventors located in Golden Valley County, Montana.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is an important indicator of technological innovation and entrepreneurship within a local economy, which is valuable information for economic development analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this data to assess the innovative capacity and competitiveness of a specific county or region.
Q: Are there update delays or limitations?
A: There may be delays of several months between when patents are granted and when the data is published by the Census Bureau.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Golden Valley County, MT (PATENTCOUNTY30037), retrieved from FRED.