U.S. Granted Utility Patents Originating in Wayne County, PA
PATENTCOUNTY42127 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-71.43%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents originating from Wayne County, Pennsylvania. It provides insights into the region's innovation 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 Wayne County, PA metric measures the volume of successful patent applications filed by inventors and businesses based in this specific county. This data is used by economists and policymakers to assess the county's competitiveness, entrepreneurial activity, and technological capabilities.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in patenting activity can inform regional economic development strategies and investment decisions.
Key Facts
- Wayne County, PA is home to approximately 52,000 residents.
- In 2021, the county recorded 84 granted utility patents.
- Patent activity in the county has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of successful utility patent applications originating from Wayne County, Pennsylvania. It provides insights into the region's innovation and technological development.
Q: Why is this trend relevant for users or analysts?
A: Trends in patenting activity offer valuable insights into a region's competitiveness, entrepreneurial climate, and capacity for innovation. This data can inform economic development strategies and investment decisions.
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 agencies can use this data to identify opportunities for supporting innovation, entrepreneurship, and technological capabilities in Wayne County, Pennsylvania.
Q: Are there update delays or limitations?
A: The patent data is published with a lag, and may not capture the most recent trends. Additionally, the data only reflects granted utility patents, not pending applications or other forms of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wayne County, PA (PATENTCOUNTY42127), retrieved from FRED.