U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Montana
PATENTCBSA900930 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
-29.17%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from non-metropolitan and micropolitan statistical areas in the state of Montana. It provides insights into innovation and entrepreneurial activity outside of major urban centers.
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 Non Metro/Micropolitan Statistical Areas in Montana is an important indicator of regional economic development and technological progress. It sheds light on the geographic distribution of innovative capacity across the state, which is valuable for policymakers and analysts assessing economic competitiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend can inform decisions around investment, workforce development, and infrastructure planning to support innovation-driven growth in rural and small-town Montana.
Key Facts
- Montana has over 147,000 square miles, the 4th largest state by area.
- The state has a population density of just 7 people per square mile.
- Utility patents indicate new and useful inventions or technological improvements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from non-metropolitan and micropolitan statistical areas in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into innovation and entrepreneurial activity occurring outside of major urban centers in Montana, which is valuable for understanding regional economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend can inform decisions around investment, workforce development, and infrastructure planning to support innovation-driven growth in rural and small-town Montana.
Q: Are there update delays or limitations?
A: The data may have a short publication delay, but it provides a comprehensive view of patenting activity across Montana's non-metropolitan and micropolitan areas.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Montana (PATENTCBSA900930), retrieved from FRED.