U.S. Granted Utility Patents Originating in San Luis Obispo-Paso Robles, CA (MSA)
PATENTCBSA142020 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.00
Year-over-Year Change
18.18%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the San Luis Obispo-Paso Robles, CA metropolitan statistical area (MSA). Patents are a key indicator of regional innovation and technological 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
The U.S. Granted Utility Patents Originating in San Luis Obispo-Paso Robles, CA (MSA) data series tracks the total number of utility patents issued by the United States Patent and Trademark Office (USPTO) to inventors located in this specific geographic region. Utility patents protect new and useful inventions and are a widely used metric for evaluating innovation and technological progress.
Methodology
The data is collected and reported by the USPTO based on the geographic location of the first-named inventor on each granted patent.
Historical Context
This metric is used by policymakers, economists, and business analysts to benchmark regional innovation and competitiveness.
Key Facts
- This MSA ranked 258th out of 383 in total utility patents granted in 2021.
- The number of patents originating in this region has grown by 25% over the past decade.
- Patents in the computer and electronics sectors account for the largest share of this MSA's total.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of utility patents granted by the USPTO to inventors located in the San Luis Obispo-Paso Robles, CA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Patents are a key indicator of regional innovation and technological competitiveness, making this metric valuable for policymakers, economists, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the USPTO based on the geographic location of the first-named inventor on each granted patent.
Q: How is this trend used in economic policy?
A: This metric is used to benchmark regional innovation and competitiveness, informing policymakers, economists, and businesses about the technological capabilities and development of the San Luis Obispo-Paso Robles, CA MSA.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the end of each quarter or year. There may be minor revisions to historical data over time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in San Luis Obispo-Paso Robles, CA (MSA) (PATENTCBSA142020), retrieved from FRED.