U.S. Granted Utility Patents Originating in Laredo, TX (MSA)
PATENTCBSA129700 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
N/A%
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 Laredo, TX metropolitan statistical area (MSA). It provides insight into the region's innovative activity 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
The Granted Utility Patents metric tracks the number of utility patents awarded to inventors and businesses based in the Laredo, TX MSA. Utility patents protect the functional aspects of new inventions and innovations, making this a key indicator of the area's economic competitiveness and technological leadership.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic analysts use this metric to assess Laredo's innovation capacity and competitiveness within the broader U.S. economy.
Key Facts
- Laredo, TX is a major port city on the U.S.-Mexico border.
- Patents are a key measure of technological innovation.
- Utility patents protect functional inventions and innovations.
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 Laredo, TX metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative and technological competitiveness of the Laredo, TX region, which is important for understanding its economic development and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to assess Laredo's innovation capacity and competitiveness within the broader U.S. economy, which can inform decisions around economic development, investment, and policy priorities.
Q: Are there update delays or limitations?
A: The data is subject to typical patent office reporting lags, but provides a reliable indicator of Laredo's innovative activity over time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Laredo, TX (MSA) (PATENTCBSA129700), retrieved from FRED.