U.S. Granted Patents: Utility Patents Originating in Nevada
PATENTUSNVUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
895.00
Year-over-Year Change
138.67%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the number of utility patents originating in the U.S. state of Nevada. It provides insights into the state's innovative activity and technological progress.
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 Nevada series tracks the number of utility patents—which protect new and useful inventions—granted to inventors based in the state of Nevada. This metric is used by economists and policymakers to gauge Nevada's scientific and technological development.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Trends in utility patents are closely monitored by economists and investors as indicators of innovation and economic competitiveness.
Key Facts
- Nevada accounts for approximately 1% of total U.S. utility patents.
- Patent activity in Nevada has grown by 50% over the past decade.
- Las Vegas and Reno are hubs for patent-intensive industries like renewable energy and logistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors based in the U.S. state of Nevada. Utility patents protect new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patents are closely watched as indicators of technological innovation and economic competitiveness within a state or region.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Nevada's scientific and technological development, which informs decisions around research funding, business incentives, and economic strategy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent patent activity in Nevada.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Nevada (PATENTUSNVUTILITY), retrieved from FRED.