U.S. Granted Utility Patents Originating in Fairfield County, CT
PATENTCOUNTY09001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
636.00
Year-over-Year Change
10.42%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in Fairfield County, Connecticut. It provides insight into local innovation and technological development.
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 Fairfield County, CT metric tracks the volume of new utility patents issued to inventors and organizations based in this specific county. It is an indicator of regional inventive activity and can be used to assess local innovation trends.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This patent metric is widely used by policymakers, economists, and business analysts to evaluate regional competitiveness and innovation capacity.
Key Facts
- Fairfield County, CT ranks among the top U.S. counties for utility patent volume.
- Patents originating in Fairfield County have grown steadily over the past decade.
- High-tech industries such as aerospace and pharmaceuticals drive much of the patenting activity in the region.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new utility patents granted to inventors and organizations based in Fairfield County, Connecticut. It serves as an indicator of regional innovation and technological development.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key measure of innovation and technological progress. Analyzing patent trends in specific regions can provide valuable insights for policymakers, investors, and business leaders.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, which tracks all granted utility patents by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this patent metric to assess a region's innovation capacity, competitiveness, and potential for future growth in technology-driven industries.
Q: Are there update delays or limitations?
A: The patent data is published with a several-month delay, so the most recent figures may not fully reflect the current state of innovation in Fairfield County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fairfield County, CT (PATENTCOUNTY09001), retrieved from FRED.