U.S. Granted Patents: Utility Patents Originating in the District of Columbia
PATENTUSDCUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318.00
Year-over-Year Change
367.65%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the number of utility patents originating in the District of Columbia, which are a key 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
Utility patents represent new, useful, and non-obvious inventions and are a widely tracked measure of inventive activity. The District of Columbia's patent data provides insights into the region's intellectual property landscape and innovation ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO) through its patent application and granting process.
Historical Context
Policymakers and economic development agencies use this data to assess the District's competitiveness and inform strategies to foster technological innovation.
Key Facts
- The District of Columbia ranked 4th among U.S. states and territories for utility patents in 2021.
- Utility patents accounted for over 90% of all patents originating in the District of Columbia in 2021.
- The number of utility patents from the District of Columbia has grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the District of Columbia, which are new, useful, and non-obvious inventions.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological progress in the District of Columbia, providing insights into the region's intellectual property landscape and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO) through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess the District's competitiveness and inform strategies to foster technological innovation.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it depends on the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in the District of Columbia (PATENTUSDCUTILITY), retrieved from FRED.