U.S. Granted Utility Patents Originating in Springfield, MO (MSA)
PATENTCBSA144180 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.00
Year-over-Year Change
12.90%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating in the Springfield, Missouri metropolitan statistical area (MSA). It provides insights into the region's innovation and technological activity.
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 key metric for tracking innovation and technological progress within a specific geographic region. The data for this trend captures patents granted to individuals and organizations located in the Springfield, MO MSA, offering insights into the area's relative competitiveness and economic dynamism.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
This metric is used by policymakers, economists, and business leaders to assess regional innovation and competitiveness.
Key Facts
- Springfield, MO MSA ranked 173rd out of 383 U.S. metro areas for utility patents granted in 2021.
- Utility patents from the Springfield MSA increased by 7.5% between 2020 and 2021.
- The Springfield MSA accounts for 0.2% of total U.S. utility patents granted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and organizations located in the Springfield, Missouri metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovation and technological activity within the Springfield, MO region, which is useful for policymakers, economists, and business leaders assessing regional competitiveness and economic dynamism.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and business leaders to assess regional innovation and competitiveness, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Patent and Trademark Office's reporting.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Springfield, MO (MSA) (PATENTCBSA144180), retrieved from FRED.