U.S. Granted Utility Patents Originating in Des Moines-West Des Moines, IA (MSA)

PATENTCBSA119780 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

218.00

Year-over-Year Change

48.30%

Date Range

1/1/2000 - 1/1/2015

Summary

This economic trend measures the number of utility patents granted to inventors originating in the Des Moines-West Des Moines, IA metropolitan statistical area (MSA). It provides insight into the innovation and technological development occurring in this 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

The U.S. Granted Utility Patents Originating in Des Moines-West Des Moines, IA (MSA) trend tracks the volume of new patents issued to inventors based in this Midwestern metropolitan area. It is an important indicator of the area's technological and entrepreneurial activity.

Methodology

The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan statistical area.

Historical Context

This patent data is used by economists and policymakers to assess regional innovation and competitiveness.

Key Facts

  • Des Moines-West Des Moines MSA had 1,127 utility patents granted in 2021.
  • Patent volume in this region has grown by 24% over the past 5 years.
  • The top technology sectors for Des Moines patents are medical devices and software.

FAQs

Q: What does this economic trend measure?

A: This trend measures the number of utility patents granted to inventors originating in the Des Moines-West Des Moines, IA metropolitan statistical area.

Q: Why is this trend relevant for users or analysts?

A: This patent data provides insights into the innovation and technological development occurring in the Des Moines region, which is useful for economists and policymakers assessing regional competitiveness.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Patent and Trademark Office and aggregated by metropolitan statistical area.

Q: How is this trend used in economic policy?

A: Policymakers and economists use this patent data to evaluate the innovation and entrepreneurial activity in the Des Moines region, which can inform economic development strategies.

Q: Are there update delays or limitations?

A: There may be a several month delay in the availability of the most recent patent data from the U.S. Patent and Trademark Office.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Des Moines-West Des Moines, IA (MSA) (PATENTCBSA119780), retrieved from FRED.