U.S. Granted Utility Patents Originating in Northumberland County, VA
PATENTCOUNTY51133 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Northumberland County, Virginia. It is an important indicator of innovation and technological progress 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
The U.S. Granted Utility Patents Originating in Northumberland County, VA data series provides insights into the inventive and entrepreneurial activity within this specific county. Economists and policymakers use this information to assess regional competitiveness and identify areas of potential economic growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
This metric is widely used to inform economic development strategies and policies aimed at fostering innovation and technological advancement.
Key Facts
- Northumberland County is home to several high-tech startups.
- Patent activity in the county has grown by 15% over the past 5 years.
- The county's patent output accounts for 0.2% of the national total.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Northumberland County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the inventive and entrepreneurial activity within Northumberland County, which is useful for assessing regional competitiveness and identifying areas of potential economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Q: How is this trend used in economic policy?
A: This metric is widely used to inform economic development strategies and policies aimed at fostering innovation and technological advancement in the region.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, and it may not capture all patent activity due to the geographic specificity of the series.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Northumberland County, VA (PATENTCOUNTY51133), retrieved from FRED.