U.S. Granted Utility Patents Originating in Clarke County, GA
PATENTCOUNTY13059 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.00
Year-over-Year Change
78.95%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Clarke County, GA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Clarke County, Georgia. This measure provides insight into local innovation and technological development within the county.
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
Utility patents are a type of patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof. Tracking the number of utility patents originating in a specific county can indicate the level of technological innovation and entrepreneurial activity in that local area.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies can use this metric to evaluate the innovative capacity and technology-driven growth within a county or region.
Key Facts
- Clarke County, GA is home to the University of Georgia, a major research institution.
- Patents are a key indicator of technological advancement and commercialization.
- The U.S. issues over 300,000 utility patents per year.
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 Clarke County, Georgia. Utility patents cover new and useful inventions, processes, or technologies.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents at the county level provides insight into local innovation and technological development, which can inform economic policy, business investment, and entrepreneurial activity.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this metric to evaluate the innovative capacity and technology-driven growth within a specific county or region.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required to process and publish patent data, but the U.S. Patent and Trademark Office strives to provide timely information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Clarke County, GA (PATENTCOUNTY13059), retrieved from FRED.