U.S. Granted Utility Patents Originating in Parkersburg-Marietta-Vienna, WV-OH (MSA)
PATENTCBSA137620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating in the Parkersburg-Marietta-Vienna, WV-OH metropolitan statistical area (MSA). It serves as an indicator of innovation and technological progress in the 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
Utility patents are a type of patent granted for new and useful inventions. This trend provides insights into the innovative capacity and technological output of the Parkersburg-Marietta-Vienna, WV-OH MSA, which can inform economic development strategies and investment decisions.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and businesses use this trend to assess the region's competitiveness and potential for future growth.
Key Facts
- The Parkersburg-Marietta-Vienna, WV-OH MSA is home to several major manufacturing and technology companies.
- Utility patents account for the majority of all patents granted in the United States.
- Patent activity is considered a leading indicator of technological and economic progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating in the Parkersburg-Marietta-Vienna, WV-OH metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the innovative capacity and technological output of the Parkersburg-Marietta-Vienna, WV-OH MSA, which can inform economic development strategies and investment decisions.
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 businesses use this trend to assess the region's competitiveness and potential for future growth.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture all patent applications in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Parkersburg-Marietta-Vienna, WV-OH (MSA) (PATENTCBSA137620), retrieved from FRED.