U.S. Granted Utility Patents Originating in Pueblo, CO (MSA)
PATENTCBSA139380 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
260.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in the Pueblo, CO metropolitan statistical area (MSA). It is an important indicator of regional innovation and economic competitiveness.
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 series tracks the number of utility patents granted to inventors and organizations based in the Pueblo, CO MSA, providing insight into the region's technological and scientific output.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this metric to assess a region's innovative capacity and competitiveness.
Key Facts
- Pueblo, CO had 29 utility patents originating in the MSA in 2021.
- Patent activity in Pueblo has increased by 15% over the past 5 years.
- The Pueblo MSA ranks 156th nationally for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the Pueblo, Colorado metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents in a region is an important indicator of innovation and economic competitiveness, making this trend relevant for policymakers, economic development agencies, and analysts.
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 and economic development agencies use this metric to assess a region's innovative capacity and competitiveness, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a 1-2 year delay in the data due to the patent application and approval process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pueblo, CO (MSA) (PATENTCBSA139380), retrieved from FRED.