U.S. Granted Utility Patents Originating in Charlotte-Gastonia-Rock Hill, NC-SC (MSA)
PATENTCBSA116740 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
451.00
Year-over-Year Change
108.80%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Charlotte-Gastonia-Rock Hill, NC-SC metropolitan statistical area (MSA). It serves as an indicator of local innovation and technological development.
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 are awarded for new and useful inventions, processes, or improvements. Tracking patent activity in a specific geographic region can provide insights into the local innovation ecosystem, technological specialization, and entrepreneurial dynamism.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's records of granted patents.
Historical Context
Patent data is closely monitored by policymakers, economic development agencies, and businesses to identify regional competitive advantages and target investments.
Key Facts
- The Charlotte-Gastonia-Rock Hill MSA is home to major technology and manufacturing companies.
- Patent activity is considered a leading indicator of R&D investment and future economic growth.
- The region has seen a steady increase in utility patents over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Charlotte-Gastonia-Rock Hill, NC-SC metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into the local innovation ecosystem, technological specialization, and entrepreneurial dynamism, which are important factors for economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's records of granted patents.
Q: How is this trend used in economic policy?
A: Patent data is closely monitored by policymakers, economic development agencies, and businesses to identify regional competitive advantages and target investments.
Q: Are there update delays or limitations?
A: The patent data is subject to the administrative processing timelines of the U.S. Patent and Trademark Office, which may result in slight update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Charlotte-Gastonia-Rock Hill, NC-SC (MSA) (PATENTCBSA116740), retrieved from FRED.