U.S. Granted Patents: Utility Patents Originating in California
PATENTUSCAUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,040.00
Year-over-Year Change
140.03%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the number of utility patents originating in the U.S. state of California. Utility patents are a key indicator of innovation and technological progress, making this data relevant for policymakers and economists.
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 Patents: Utility Patents Originating in California metric measures the volume of new utility patents granted to inventors based in the state of California. Utility patents protect functional inventions and are a widely used gauge of innovative output and technological change.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO) through the patent application and approval process.
Historical Context
This trend is used by analysts to assess California's relative position in national and global innovation, as well as to identify broader technology and commercialization trends.
Key Facts
- California accounts for the most utility patents of any U.S. state.
- Patent activity is concentrated in major technology hubs like Silicon Valley.
- Utility patents cover a wide range of inventions from software to biotechnology.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new utility patents granted to inventors based in the U.S. state of California. Utility patents protect functional, non-obvious inventions.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a key indicator of innovation and technological progress, making this trend valuable for policymakers, investors, and economists assessing California's innovation ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO) through the patent application and approval process.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to monitor California's relative position in national and global innovation, as well as to identify broader technology and commercialization trends.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for patent applications to be processed and approved by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in California (PATENTUSCAUTILITY), retrieved from FRED.