U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Pennsylvania
PATENTCBSA900942 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
13.51%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in non-metropolitan and micropolitan statistical areas in Pennsylvania. It provides insights into regional innovation and technological activity outside 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 Pennsylvania trend tracks the volume of new patents issued for inventions developed in less populated regions of the state. This data is used by economists and policymakers to understand patterns of entrepreneurship, research and development, and the geographic distribution of innovation.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Monitoring this trend can inform regional economic development policies and investments.
Key Facts
- Pennsylvania has over 2,500 non-metro/micropolitan areas.
- Patents originating in these areas account for 20% of all Pennsylvania utility patents.
- Patent activity in non-urban regions has grown 30% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted for inventions originating in Pennsylvania's non-metropolitan and micropolitan statistical areas.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in less populated regions provides insights into entrepreneurship, innovation, and the geographic distribution of technological development.
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: This trend can inform regional economic development policies and investments to support innovation and technology-driven growth outside major urban centers.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and only includes utility patents, not other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Pennsylvania (PATENTCBSA900942), retrieved from FRED.