U.S. Granted Utility Patents Originating in Bibb County, GA
PATENTCOUNTY13021 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-6.25%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Bibb County, Georgia, which is an important measure of technological innovation and economic activity in the 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 Bibb County, GA data series represents the volume of new utility patents issued to inventors and organizations located within Bibb County. This metric is used by economists and policymakers to gauge the local pace of technological progress and its potential impact on the regional economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in granted utility patents are closely monitored as an indicator of industrial competitiveness and R&D investment.
Key Facts
- Bibb County is home to over 153,000 residents.
- Manufacturing is a major industry in the county.
- Patent activity is concentrated in the city of Macon.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents originating from inventors and organizations located in Bibb County, Georgia. Utility patents are a key indicator of technological innovation and industrial R&D.
Q: Why is this trend relevant for users or analysts?
A: Trends in granted patents provide insights into the pace of technological progress and new product development in a regional economy, which is valuable information for policymakers, industry analysts, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office, which tracks all utility patent applications and grants.
Q: How is this trend used in economic policy?
A: Patent activity is closely monitored as an indicator of industrial competitiveness, innovation, and R&D investment. Policymakers use this data to assess the technological capabilities and economic prospects of specific regions.
Q: Are there update delays or limitations?
A: There can be a several month delay in reporting granted patents due to the review process. The data also only reflects patents originating within Bibb County and does not capture patents held by external entities.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Bibb County, GA (PATENTCOUNTY13021), retrieved from FRED.