U.S. Granted Utility Patents Originating in Portland-Vancouver-Hillsboro, OR-WA (MSA)
PATENTCBSA138900 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,163.00
Year-over-Year Change
42.12%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors and businesses originating in the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area (MSA). It provides insight into 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
The U.S. Granted Utility Patents Originating in Portland-Vancouver-Hillsboro, OR-WA (MSA) trend tracks the volume of new utility patents issued to applicants in this geographic area. Utility patents are a key indicator of innovative activity and can signal regional competitiveness and growth potential.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This patent data is used by policymakers, economists, and businesses to assess the innovation ecosystem and technological capabilities of the Portland-Vancouver-Hillsboro region.
Key Facts
- Portland-Vancouver-Hillsboro MSA ranked 25th nationally for utility patents in 2021.
- Patents granted in the region have grown by 24% over the past 5 years.
- Top patenting industries include computer technology, medical devices, and clean energy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and businesses originating in the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological progress in a region, providing insights into its competitiveness and growth potential.
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: Policymakers, economists, and businesses use this patent data to assess the innovation ecosystem and technological capabilities of the Portland-Vancouver-Hillsboro region.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the end of each reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Portland-Vancouver-Hillsboro, OR-WA (MSA) (PATENTCBSA138900), retrieved from FRED.