U.S. Granted Patents: Total Patents Originating in Arizona
PATENTUSAZTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,140.00
Year-over-Year Change
65.96%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Arizona' trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) to inventors located in the state of Arizona. This metric provides insight into the innovation and technological development occurring within the Arizona economy.
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 series tracks the total number of patents originating from Arizona, which is a key indicator of the state's technological and scientific output. Economists and policymakers monitor patent data to assess regional innovation, competitiveness, and the commercialization of new ideas and inventions.
Methodology
The data is collected and published monthly by the USPTO based on the state of residence for each granted patent.
Historical Context
Patent data is widely used to analyze trends in research, development, and technological change at the state and regional level.
Key Facts
- Arizona ranked 14th among U.S. states for total patents granted in 2021.
- Patent grants to Arizona inventors have grown by over 50% since 2010.
- The top patenting industries in Arizona include semiconductor, aerospace, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insight into the level of innovation and technological development occurring within a regional economy, which is a key indicator of economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Patent and Trademark Office based on the state of residence for each granted patent.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor patent data to assess regional innovation and competitiveness, which informs decisions around investment, workforce development, and support for research and development.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the publication of patent data by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Arizona (PATENTUSAZTOTAL), retrieved from FRED.