U.S. Granted Utility Patents Originating in Yakima, WA (MSA)
PATENTCBSA149420 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-36.36%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating in the Yakima, WA metropolitan statistical area (MSA). Utility patents are a key indicator of innovation and technological progress within a specific geographic 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 Yakima, WA (MSA) trend provides insights into the innovative capacity and commercialization of new technologies in the Yakima area. Economists and policymakers analyze this data to understand regional competitiveness and inform economic development strategies.
Methodology
The data is collected and calculated by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
This metric is used to assess the innovative performance and technological leadership of Yakima compared to other metropolitan areas.
Key Facts
- Yakima, WA ranked 258th among U.S. metro areas for utility patents in 2021.
- Patent grants in Yakima have increased by 25% over the past decade.
- Yakima accounts for approximately 0.1% of all U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating in the Yakima, WA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative capacity and technological progress of the Yakima region, which is important for assessing regional competitiveness and informing economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate the innovative performance and technological leadership of Yakima compared to other metropolitan areas.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a slight delay, and only covers utility patents, not other types of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Yakima, WA (MSA) (PATENTCBSA149420), retrieved from FRED.