U.S. Granted Utility Patents Originating in Hickory-Lenoir-Morganton, NC (MSA)
PATENTCBSA125860 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.00
Year-over-Year Change
43.24%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Hickory-Lenoir-Morganton, NC metropolitan statistical area (MSA). It provides insight into the innovation and technological activity within this regional economy.
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 a key indicator of technological innovation and economic competitiveness. The Hickory-Lenoir-Morganton, NC MSA patent trend offers a window into the region's capacity for invention, new product development, and research and development activity.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used by economists, policymakers, and industry analysts to assess innovation, competitiveness, and economic performance.
Key Facts
- Hickory-Lenoir-Morganton, NC ranked 148th among U.S. metropolitan areas for utility patents granted in 2021.
- Utility patent grants in the Hickory-Lenoir-Morganton MSA have increased by 20% over the past decade.
- The Hickory-Lenoir-Morganton region accounts for approximately 0.3% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Hickory-Lenoir-Morganton, NC metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides insight into the innovation capacity and technological competitiveness of the Hickory-Lenoir-Morganton regional economy, which is valuable for economic analysts, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Patent data is widely used by economists, policymakers, and industry analysts to assess innovation, competitiveness, and economic performance at the regional and national levels.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, as the process of granting and recording patents can take several months.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hickory-Lenoir-Morganton, NC (MSA) (PATENTCBSA125860), retrieved from FRED.